ETFs have seen a $2.26 billion outflow over two weeks, Bitcoin has fallen below $75k, but the real signal isn't the price, it's who is selling and who is accumulating.

Santiment states this is a contrarian buy signal—historically, continuous ETF outflows often correspond to retail panic and institutional quietly accumulating.
In the past six trading days, $1.26 billion has flowed out, but the total net inflow remains close to $60 billion, indicating long-term funds have not exited.
More importantly, there is a structural divergence: the US overall ETF daily net inflow has reached a record high of $8.5 billion, and funds are not leaving the market, just shifting from crypto ETFs to traditional ETFs.
This is not the end of crypto, but a reallocation of funds amid macro re-pricing.
Reverse risk: if ETF outflows continue to expand and institutional accumulation signals disappear, the market could enter a deeper correction.
Current retail sentiment is extremely pessimistic, but on-chain data shows long-term holders are still accumulating.
Don't just look at candlestick charts; observe the gaps in fund flows—who is panicking, and who is positioning.
$btc #etf #On-chain data #区块链 #Crypto market