$BTC Based on my personal estimate, this is what is happening

A whale swimming away from the sinking Bitcoin ETF column chart

In the past 24 hours, spot Bitcoin ETFs in the United States have seen net inflows of over $120 million, raising concerns about retail sales.

But here are the details: on-chain data shows that whale wallets are acquiring BTC from exchanges.

Historically, ETF outflows over the long term $BTC often lead to tremors before big moves.

Combine this with a decrease in exchange reserves and an increase in stablecoin inflows.