BlackRock sold $1 billion worth of BTC last week.

$BTC Spot ETF saw a net outflow of $1.32B last week, marking the largest single-week outflow since 2026, and over $2.5 billion has flowed out in two weeks combined.
Another data point is quite alarming: Coinbase's premium index once dropped by 948%, and it is now in negative territory. This generally indicates that large-scale institutional selling is happening in the U.S. market.
Seeing this, many people's first reaction might be: "It's over, institutions are fleeing?"
Interestingly, the data from the other side during the same week looks quite different.
HYPE's ETF saw a net inflow of $72.38 million, XRP inflowed $22.04 million, and Solana also saw an inflow of $16 million.
So I think, it's not that funds are fleeing, but that institutions are no longer willing to hold large positions in BTC and are gradually reallocating.
Looking at these data points together, the comparison is quite clear:
BTC ETFs are bleeding, while altcoin ETFs are absorbing funds.
This indicates that the money in the crypto space hasn't completely left; it's just starting to be redistributed.
After reviewing these data, my biggest feeling is: don't just focus on the outflow of BTC ETFs.
Often, changes in capital flow will reflect market direction earlier than price movements.
This was the case during the ICO cycle, and later during the DeFi Summer, and now it seems to be starting to show that same pattern again.
The fear index is now at 34, retail investors are fleeing, but institutions are slowly repositioning.
The question is, what do you think about the upcoming market? 👀
#Bitcoin #BNB #Crypto