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Bitcoin spot ETF records record outflows, why is the BTC price as steady as a rock?
【Crypto World】An interesting phenomenon has emerged. Bitcoin spot ETFs are experiencing unprecedented capital withdrawals, setting a record, but this has not caused the expected impact on BTC prices. The market has shown a certain resilience—despite selling pressure, the price remains quite stable. What does this disconnect reflect? On one hand, the outflow of funds from spot ETFs may simply be investors reallocating assets; on the other hand, on-chain and exchange buy orders remain active enough to absorb this wave of selling pressure. In other words, while traditional financial channels are seeing capital outflows, demand within the crypto space has not weakened. This mismatch in market structure clearly suppresses short-term volatility. However, if the continuous ETF capital outflow becomes a trend, it is still a signal worth monitoring in the long term.