$1.26 BILLION ERASSED from Bitcoin ETFs in just six sessions: the perfect storm for smart money to pounce.

As Bitcoin ETF outflows continue to hemorrhage $200M+ per session, a seemingly bleak landscape has formed. However, on-chain analytics provider Santiment believes this downturn signals a buying opportunity. Since May 15, 11 US-listed spot Bitcoin ETFs have collectively recorded net outflows of $1.26B, marking the longest losing streak this year - an unprecedented 6 sessions in a row.

It appears that smart money is taking a page from the 2023 playbook, positioning for a major reversal similar to the one seen in January, when a 12-day losing streak ultimately led to a 45%+ bounce. If history repeats, can we anticipate a repeat performance in the next 48 hours? #BitcoinETF #Santiment #OnChainAnalytics