Bitcoin ETFs are seeing a historic outflow streak. For the past 13 trading days, large institutional investors have been pulling money out of Bitcoin Exchange Traded Funds (ETFs) in the US. This totals $4.4 billion in outflows, meaning less demand through these mainstream investment vehicles. Bitcoin's price has fallen around 21% since mid-May, aligning with this selling pressure from ETF holders. These outflows indicate a shift in sentiment among institutional players. While retail investors often ride out volatility, these larger funds might be reacting to wider economic concerns or simply rebalancing their portfolios. This often puts downward pressure on the asset's price, as we've seen with $BTC. This sustained institutional selling could signal continued price consolidation for $BTC in the short term, especially if macroeconomic conditions remain uncertain. Keep an eye on how these ETF flows evolve as they can strongly influence market direction for Bitcoin. What do you think about these outflows? $BTC #Bitcoin #CryptoMarket