I just noticed an interesting signal from the US Bitcoin ETF fund market. After three consecutive days of inflows, on March 6th, these funds recorded a net outflow of $228 million. At that time, Bitcoin's price had just dropped below $71,000, and iShares Bitcoin Trust along with a few other major funds sold off quite heavily.

The interesting part is that despite the outflows on that day, overall from the beginning of the week, Bitcoin ETF funds still maintained a net inflow of about $917 million. Their assets under management remain above $90 billion, indicating strong continued appeal. Now that Bitcoin has risen to $77.73K, experts warn that this rally might just be a "relief rally" rather than the start of a new bullish cycle. Some organizations even forecast the price could fall below $60,000 during the correction phase.

Another noteworthy point is that Ethereum, XRP, and Solana ETFs also experienced outflows on the same day. Specifically, Solana's ETF saw its first sell-off since early February, but overall, since the Solana ETF launched in July 2025, it has attracted about $1.5 billion in institutional capital. It seems the market remains quite fragmented, with no clear consensus.