Foresight News reports that, according to Santiment data, 'since concerns about tariffs peaked in early April, Bitcoin ETFs have been experiencing the longest continuous outflow period (6 trading days). An increasing amount of evidence suggests that these inflows and outflows are driven by retail investors, rather than being solely driven by institutional investors as seen earlier. When retail investors believe the market has peaked, they make emotional decisions to pull funds out of the ETFs. This may temporarily lead to a market downturn, but it usually signals that the market will eventually hit bottom (as we saw in April).'