MSTR's move has stabilized, but the ETF's continuous $5.4 billion outflow is the real market sentiment. The crypto circle always swings between narrative and capital.

Coin World News: With concerns about MSTR easing, the market can refocus on Bitcoin’s (BTC) traditional signals. MSTR has recently taken concrete measures to allay market concerns about its potential Bitcoin sales, strengthening its U.S. dollar reserves and updating its capital allocation strategy. Bitcoin’s role as a resilient currency appears increasingly important amid a continuing increase in the money supply. In May, the money supply first exceeded $23 trillion, with monthly growth of more than 1%, reaching the highest level since 2021. Although market attention has shifted to the Iran conflict and artificial intelligence, Bitcoin is expected to re-enter this dynamic. Meanwhile, BTC ETFs have recorded $5.4 billion in outflows year-to-date, reflecting fluctuations in market confidence.