Cumulative outflows from spot Bitcoin ETFs reached $4.33 billion during a record 13-day streak, marking the largest selling pressure on record.
Spot Bitcoin ETFs experienced 13 consecutive days of net outflows from May 15 to June 3, totaling $4.33 billion, or roughly 59,351 BTC. The streak represents the longest and most severe outflow period for these funds to date.
The 7-day, 10-day, and 20-day rolling outflow windows also set all-time records, with totals of $2.78 billion, $3.06 billion, and $5.42 billion, respectively. The 20-day outflow equates to approximately 73,080 BTC, underscoring heightened selling pressure in the market.
The outflows reflect broader sentiment shifts amid regulatory and macroeconomic uncertainties affecting cryptocurrency markets.