🚨$4.5 BILLION just left #Bitcoin ETFs in one month.
June became the worst month ever for U.S. spot Bitcoin ETFs.
Here's what happened:
• $4.5B in total net outflows • BlackRock's IBIT alone saw $3.55B leave • Investors moved money into other opportunities as interest rates stayed high and global uncertainty increased
This doesn't mean $BTC is dead.
It shows that big investors are becoming more selective with where they put their money.
The next few weeks will be important.
Will institutions start buying again, or is this just the beginning of a larger rotation?
$BTC strongest signal isn't coming from the price chart.
It's coming from the holders.
K33 reports that long-term holders now control a record 79% of the entire BTC supply, while old coin movement has dropped to its lowest level since 2012.
The people who have held through every bull market, every crash, and every wave of fear are choosing not to sell.
That's not what distribution looks like.
That's conviction.
When supply keeps getting locked away and demand eventually returns, the market tends to react fast.