Bitcoin is rebounding from the support trendline of the falling wedge pattern after a deep correction. The Ichimoku Cloud is acting as a resistance barrier above the wedge.
Holding this level could trigger an upward rally, while a breakdown below the wedge support may lead to further market correction.
$BTC Institutions Are Hitting the Exit — Crypto ETFs Bleed $500M
Institutional money is pulling back hard. In a single day, crypto ETFs saw nearly $500 million in net outflows, signaling growing risk-off behavior at the top. U.S. spot Bitcoin ETFs led the damage, shedding $430M, with BlackRock’s IBIT alone losing $175M. That’s not retail panic — that’s big capital reducing exposure.
Ethereum isn’t escaping either. Spot $ETH ETFs lost another $80M, extending an already brutal downtrend as prices continue to slide. With BTC hovering near $63K and ETH around $1.87K, ETF flows are now reinforcing downside pressure instead of absorbing it. This shift matters. ETFs were supposed to be the demand engine — now they’re becoming a source of supply.
Is this just tactical de-risking… or the start of a deeper institutional unwind $SOL