### Draft tweet


> IBIT had a net outflow of $300 million yesterday. Strategy is also selling. BTC dropped to 59200, only 2% away from the 52-week low of 58000.
>
> But the other side of the story is Dubai. The MiCA compliance deadline is forcing crypto companies to reassess Europe, and Dubai has become the next safe haven. XRP held the $1 level against the trend.
>
> Institutions are selling BTC, but crypto companies are not shutting down—they are moving. From US ETFs to Dubai licenses, capital is shifting, not disappearing.
>
> The ETF outflow data worries me more than the BTC price itself. Spot buyers are absent, leaving only a zero-sum game among existing holders.
>
> BTC resistance above at 60300, 61500; support below at 58000, 56500.
IBIT1.00%
BTC-0.96%
XRP-1.20%
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