US spot BTC ETFs logged 10 consecutive days of net outflows totaling ~$4B, the longest streak since their January 2024 launch, dragging BTC below $73K at one point.

Institutional Cooling

BlackRock's IBIT led outflows at ~$966M weekly; whale stablecoin inflows on exchanges also halved since September 2025.

Recovery Signs

BTC rebounded above $74K on the BNB/stock trading catalyst, suggesting sentiment remains fragile but reactive