The BTC ETF has seen a net inflow for 7 consecutive weeks, but last Tuesday, a whopping $635 million was dumped in one day.

That's the largest single-day exit since January.
Breaking it down is even more interesting: BlackRock's IBIT managed to attract $335 million in a single day back in early May, and Fidelity's FBTC followed with $185 million. It's not that institutions aren't buying—they're just buying and then bailing out.
Even more concerning data: corporate treasury purchases plummeted by 80% compared to last month. Institutional demand is barely being held up by ETFs.
But don't rush to call a crash just yet. The pattern over the past few months has been that after each significant outflow, buyers typically step back in within 3-5 days. This isn't panic; it's institutions playing the swings in a high-volatility zone.
The real question is: if even the ETF leg starts to wobble, who will step in next?#TradfiTradingChallenge