BlackRock Bitcoin baby just hit a speed bump. The iShares Bitcoin Trust (IBIT) saw a massive $292.5M outflow — its biggest single-day exit since May. 🧨
📉 BTC Takes a Dive
Bitcoin plunged to $112,000 over the weekend 📉
This triggered panic and heavy ETF sell-offs
📊 Weekly Red Zone
For the week ending August 1, U.S. Spot Bitcoin ETFs recorded $643M in net outflows
That’s a hard stop to a 7-week hot streak where ETFs pulled in $10B+ 💸
Trend shift? Or just a weekend shakeout?
🧠 What It Could Mean
Investors might be profit-taking after BTC run-up
Market nerves from macro news or ETF saturation?
Either way, volume + volatility = high-stakes season for traders 🎯
TL;DR: The ETF hype train hit the brakes, but the long-term game is still in play.
📢 DYOR. Not financial advice.
Stay sharp and stay informed
#BitcoinTreasuryWatch $ETH $BTC
