⚠️ ALERT: Bitcoin ETF Liquidity Is Draining Fast
Spot $BTC ETF assets have officially fallen below $100B after $272M in fresh outflows, pushing YTD losses to ~$1.3B 📉
With Bitcoin now trading below the average ETF cost basis (~$84K), a large portion of institutional capital is underwater, increasing the risk of further distribution and capitulation.
🔄 Some capital appears to be rotating into altcoin ETFs, but the sustained ETF bleed is creating strong headwinds for $BTC.
📉 Market Structure: Bearish
