ETF has had seven straight days of redemptions—turns out emotion and money really are two different things. Axel’s “knife-for-fill” was brutally harsh.

Crypto news reports that Bitcoin briefly dropped below $75,000 on Wednesday, spot ETF experienced seven consecutive days of net outflows, combined with selling pressure, pushing the price down to an intraday low of $74,600. The current price is approximately $75,175, down 1.29% in the past 24 hours and about 3% over the past week. According to Sosovalue data, on May 26, spot ETF had a net outflow of $334 million, and although there was cyclical buying, it couldn't offset the downward pressure. Analyst Axel Adler Jr. pointed out that there is a gap between optimistic sentiment and actual capital inflows, and market demand momentum is weakening.