Crypto Scenario Insights
What happened
U.S. spot Bitcoin ETFs recorded a $213.85 million net outflow on June 10, extending an 18-day losing streak led by BlackRock's IBIT.
What we think
From a capital flows perspective, the 18-day outflow streak marks a significant transition from passive accumulation to active distribution.
Read the analysis
Does the 18-Day Spot Bitcoin ETF Outflow Streak Signal a Structural Institutional Retreat?
We explain what happened and what could follow. We do not forecast prices.