Crypto Scenario Insights
What happened
US spot Bitcoin ETFs face a five-week, $5 billion outflow streak that outpaces daily mined supply by five times.
What we think
The most likely outcome is a bearish consolidation below $60,000 (60% probability) as institutional demand from ETFs and corporate treasuries dries up.
Read the analysis
Bitcoin's institutional backstop weakens: Will ETF outflows and proxy-stock cooling break $60,000?
We explain what happened and what could follow. We do not forecast prices.