Bitcoin ETFs saw a massive net outflow of $1.26 billion last week, marking the largest scale since early 2026.

During the same period, the Coinbase premium index remained negative (-0.09%), signaling that US institutions are increasingly trimming their positions.

Currently, the price support mainly comes from retail investors in Asia, rather than institutional spot buying. This kind of structure supporting the price increase usually has poorer stability. Until the ETF funds stop bleeding, any bounce should be viewed with caution.
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