Isn't it eerily quiet when you open the BTC market? The price seems nailed down at $87,000 without a ripple? Don't be fooled by this surface calm! The real storm is hidden in the funding data, with large funds performing a "quiet" withdrawal!

📉 Institutions are voting with their feet, and the outflow wave won't stop! Core alarm bells are ringing: Bitcoin spot ETF has seen a net outflow for the third consecutive day, with $142 million fleeing just yesterday! This is not just a small stir from retail investors; it's a collective withdrawal of smart money from Wall Street, signaling a serious message!

The spot market is also bleeding! In the past hour, there was a net outflow of $15.46 million, accumulating over $40 million in 4 hours. This indicates that it's not just the ETF; other large holders on-chain are also following suit, with selling pressure continuing to build!

The futures market is even worse! In the past hour, there was a net outflow of as much as $168 million! Leverage funds are not only bearish but are also aggressively shorting or closing long positions, leading to a complete imbalance of long and short forces. The dual bloodletting of spot and futures is a top-tier bearish combination!