Do $BTC Bitcoin ETF Outflows Point to a Move Toward $85K?
Recent ETF activity suggests institutional demand for $BTC is weakening. Over the last 10 days, price declined from ~$97K to ~$90K while about $1.8B exited spot Bitcoin ETFs, indicating reduced institutional exposure.
On-chain metrics support this view. Net Realized Profit/Loss has turned negative, showing that many sellers are realizing losses, which often reflects a softer market structure.
As institutional liquidity decreases, downside risk becomes more relevant. The next key support level to monitor is $85K.
BTCUSDT
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