💥ETF Bloodbath: Bitcoin Funds Hit by Largest Outflow Since January as $BTC Slips Below $80K 🏛🩸 Institutional appetite has cooled significantly over the past 48 hours, with U.S. spot Bitcoin ETFs reporting a staggering $635 million in net outflows. 🚀 This exit represents the largest single-day withdrawal since late January, with BlackRock’s IBIT alone taking a $285 million hit in selling pressure. The primary catalyst? A "hotter-than-expected" CPI report showing inflation at 3.8%, effectively crushing market hopes for a June interest rate cut. Interestingly, data from Glassnode indicates this wasn't a standard panic sell-off, but rather a strategic exit into market strength. 🛡 Institutions likely capitalized on the recent push toward $81,000+ to de-risk before the next wave of macro volatility hits. Ethereum ETFs have mirrored this cautious stance, marking their third consecutive day of outflows. With the average cost basis for ETF holders now estimated near $82,100, many institutional positions are currently underwater. 📉 📉 This dynamic increases the likelihood of heavy resistance as Bitcoin attempts any relief rallies toward the $82K - $83K range. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC