Spot Bitcoin ETFs experienced significant outflows, totaling $1.26 billion over six consecutive sessions from May 15-22. This marks a notable shift in investor sentiment following a period of strong inflows. However, on-chain analytics firm Santiment views this sustained sell-off as a potential "buy signal" for Bitcoin, suggesting market capitulation might be nearing. This divergence highlights conflicting short-term bearishness versus long-term bullish technical indicators. Investors should monitor ETF flow reversals and Bitcoin's price action around key support levels for a market inflection point.
The current market structure reveals a tug-of-war between institutional profit-taking and underlying long-term conviction. ETF outflows are testing Bitcoin's resilience, indicating a period of price discovery. This dynamic suggests continued volatility before a clear directional trend emerges.
Bitcoin ETF outflows reached $1.26 billion over six sessions, but Santiment says the streak signals a buying opportunity. The 11 US-listed spot Bitcoin ETFs have recorded net outflows in each of six sessions from May 15 through May 22, totalling…