Draft tweet >IBIT had a net outflow of $300 million yesterday. Strategy is also being sold. BTC fell to 59200, only 2% away from the 52 week low of 58000. > >But the other story is Dubai. The MiCA compliance deadline is forcing cryptocurrency companies to reassess Europe, with Dubai becoming the next safe haven. XRP held on to $1 against the trend. > >Institutions are selling BTC, cryptocurrency companies are not closing down, they are moving. From US ETFs to Dubai licenses, capital is shifting, not disappearing. > >The outflow of ETF data makes me more uneasy than the BTC price itself. Spot buyers are absent, leaving only stock games. > >BTC resistance above 60300, 61500; Support 58000 and 56500 below.