Are BTC ETFs Pointing to $85K?
Spot BTC ETFs have seen ~$1.8B in outflows as price dropped from ~$97K to ~$90K, signaling weakening institutional demand.
On-chain data backs this up: Net Realized P/L is now negative, meaning sellers are exiting at a loss.
With liquidity fading, downside risk remains. $85K is the next key support to watch.
