🚨 JUST IN: BlackRock investors dump $201.5M from spot Bitcoin ETFs 📉
What is happening? $BTC
• $201.5M outflow from BlackRock products $DOGE
• $225.5M total spot ETF net outflows
• Weekly flows now −$296.18M
• First negative week in March $NIGHT
What this suggests:
• Institutional demand cooling short term
• Profit-taking after recent moves
• ETF flows turning into headwind
Context:
• Spot ETF flows heavily influence BTC sentiment
• Large outflows often pressure price
📊 Market takeaway:
Short-term bearish. Sustained outflows could slow momentum unless inflows return.