Bitcoin Faces Record Institutional Outflow as Spot ETFs Bleed

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Capriole Investments data shows institutional Bitcoin demand fell to -464%, the lowest reading since the series began in 2020. Glassnode data shows US spot ETF balances fell from near $160 billion in autumn 2025 to around $75 billion by June 2026. CryptoQuant data shows new whale wallets realized roughly $2.5 billion in losses as Bitcoin fell toward $60,000.
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