Bitcoin ETF Outflows Reach $1B—Is the Party Over or Just Pausing? 🎢💸

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Bitcoin ETF Outflows Reach $1B—Is the Party Over or Just Pausing? 🎢💸

Picture this: Bitcoin ETFs feeling more like a bad ex than a lucrative fling. Between May 29 and June 2, investors dumped a whopping $1.21 billion faster than you can say “cryptocurrency crash.” Yep, it’s the first time since mid-March that these funds have taken a nose dive of over a billion dollars in just a few days. Classic.

According to data by SoSoValue, Bitcoin ETFs saw outflows of $358.65 million on May 29, then $616.22 million on May 30, and finally $267.5 million on June 2. It’s like a financial horror movie, but with more zeros.

💸 Bitcoin’s ETFs have been crying into their digital pillows for three straight days. A total of $1.21B has left the building, marking the first time since mid-March that we’ve seen such a mass exodus. 😱

— Santiment (@santimentfeed) June 4, 2025

But hold onto your Bitcoin wallets — on June 3, the outflow party was interrupted as funds miraculously attracted $378 million in inflows, led by Ark & 21Shares’ ARKB, which alone scooped up $140 million. Guess even crypto wants a little rebound, right?

Bitcoin Price Drop Causes More Money to Flee

The chaos kicked off when Bitcoin’s value plummeted from its all-time high of $112,000 (yes, I know, they’re calling that a “high” 🙄) reached on May 22. The very same day, BTC’s 24-hour volatility was a steady 0.3%, market cap clocked in at a cool $2.10 trillion, and the “golden cross” appeared, which is basically a fancy way of saying “buy this, it’s gonna go up.”

Despite this shiny bull signal, investors are cashing out like it’s Black Friday. Glassnode reports that realized profits surged above $500 million per hour three times on June 3 — the highest profit-taking activity we’ve seen since February. Looks like everyone remembered they could make a quick buck (or two).

Realized Profit Surge

Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity. 🤑

— glassnode (@glassnode) June 3, 2025

Meanwhile, the SOPR ratio (that’s fancy crypto talk for “are people actually making money?”) is trending upward, meaning a lot of coins are changing hands with around a 16% profit. Hint: a lot of people just want their money back.

And yet, amidst all this chaos, big whales with holdings from 1,000 to 10,000 BTC are busy doing what whales do—buying. Over the past five days, they’ve accumulated more than 30,000 BTC. Because if you’re going to panic sell, you might as well buy a few more coins, right?

Some of the biggest whales on the network have bought over 30,000 #Bitcoin $BTC in the last 96 hours! 🐋🔥

— Ali (@ali_charts) June 3, 2025

Is This the Perfect Time to Jump In?

Right now, Bitcoin’s hanging out at around $105,495 — pretty much stuck in a snooze fest for the last 24 hours. It’s still above the $2 trillion market cap line, but don’t get too excited — it’s about 5.7% below its shiny new peak, so there’s drama to be had.

Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity

“Currently targeting the $96,700 level, which represents a key support zone on the network and aligns with the average purchase price of short-term investors.” — @abramchart

— CryptoQuant.com (@cryptoquant_com) June 3, 2025

Analyst Abram thinks this mini meltdown might just be setting up a perfect entry point — if you’re feeling brave enough to buy the dip. The key support level near $96,700 is looking like the new “hurry up and buy” zone, especially since it matches the average short-term buy-in price. So, maybe this is the moment your bank account has been waiting for?

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2025-06-04 13:29