BlackRock saw a net outflow of $172 million in one day, approximately 2,670 BTC, marking the third consecutive day of institutional retreat. But the truth is far from a "market crash." 🚨

The data reveals internal divergence in capital flows: BlackRock's IBIT sold $172 million in a single day, Grayscale's GBTC saw $81 million in outflows, together draining $253 million in liquidity; on the other side, Ark's ARKB saw a net inflow of $64 million, Fidelity's FBTC had $57.38 million inflow, and Grayscale's Bitcoin Mini Trust had $48.14 million inflow—these buyers almost perfectly absorbed the BTC dumped by BlackRock. As a result, the net outflow was only $68.3 million. This is not a full-scale rout but a shift of chips between institutions: BlackRock's clients are pulling out, but other whales are actively buying in the $62,500–$60,000 range. 💥
Robbie Mitchnick, BlackRock’s head of digital assets, stated bluntly in a Yahoo Finance interview: the AI frenzy is siphoning market capital. Since late 2025, Bitcoin has weakened alongside most non-AI assets, as funds flow into AI stocks and tech IPOs; but Bitcoin’s long-term catalysts—U.S. debt and deficit issues—remain intact. If this topic returns to the spotlight before the midterm elections, Bitcoin will regain momentum. In plain language: short-term retreat, long-term faith unchanged. This is not a collapse of conviction, but a rotation of capital. 🎯
For bears, BlackRock sold $451 million in a month, and ETF 30-day net outflows hit a record $6.35 billion.