IBIT sees daily outflows of more than 200 million—are institutions panicking and panic-selling to cut losses too? I know this script well; next, let’s see whether retail investors can hold the line.

When the price of BTC drops, the Bitcoin spot ETF led by BlackRock IBIT faces pressure: on June 5, there was a net outflow of $325.69 million, bringing cumulative net inflows down to $53.94 billion. IBIT saw an outflow of $213.65 million; FBTC and GBTC recorded outflows of approximately $59 million and $60.84 million respectively; HODL and MSBT had only $8.5 million in new net inflows. BTC hit a daily low of $59.1k, then rebounded to $61.3k.