If you're wondering why the market feels so heavy, look straight at the institutional data.
June just wrapped up as one of the worst months on record for Spot Bitcoin ETFs, facing a massive $4 billion in net outflows. It looks like the early "Trump bump" optimism from the start of the year has officially cooled off, and institutions are moving capital back into traditional defensive assets or tech stocks. When $4 billion leaves the building in 30 days, the price is bound to feel it.
Do you think this is a temporary flush, or are institutions completely stepping away for the summer?
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