Q2 2026 $BTC ETF flows just dropped a bomb:
77,033 $BTC outflow — biggest on record
But here's the kicker:
Institutions dumped: 1,195 $BTC
Non-13F (retail): 75,839 $BTC
Retail is capitulating hard while institutions barely flinched. Classic distribution phase or are the smart money hands just getting stronger while weak hands fold?
This is textbook late-cycle behavior. Watch who's buying when everyone else is selling.
77,033 $BTC outflow — biggest on record
But here's the kicker:
Institutions dumped: 1,195 $BTC
Non-13F (retail): 75,839 $BTC
Retail is capitulating hard while institutions barely flinched. Classic distribution phase or are the smart money hands just getting stronger while weak hands fold?
This is textbook late-cycle behavior. Watch who's buying when everyone else is selling.