ETF capital flows are like a sentiment thermometer; currently, the needle is pointing cold, and the contrarian indicator is flashing.

BlockBeats reports that Santiment states that the U.S. spot Bitcoin ETF has experienced a net outflow of approximately $1.26 billion over the past six trading days, which may serve as a contrarian buy signal, with retail investor sentiment dominating capital flows. BTC is around $75,400, retreating from its high. Mainstream opinion considers the outflow as downward pressure on prices. Bloomberg analyst Seyffart states that since the ETF launch, there has been a net inflow of nearly $60 billion, and more ETFs in the future are expected to reach new highs.