Bitcoin ETFs See Record Outflows as Sentiment Flips

Bitcoin has returned to the $60,000 mark, but institutional sentiment has sharply reversed since February. Spot Bitcoin ETFs experienced over $1.72 billion in net outflows last week, the highest in more than a year. This contrasts starkly with February, when similar price levels saw only $318 million in outflows, and selling pressure eased as prices dropped. The current trend shows accelerating outflows as prices fall, indicating a more bearish institutional stance and suggesting potential challenges for Bitcoin to maintain its support level.