According to @lookonchain, August 4th saw significant net outflows from both Bitcoin and Ethereum ETFs. Ten Bitcoin ETFs recorded a net outflow of 6,086 BTC, amounting to $695.63 million, with Fidelity alone seeing an outflow of 2,965 BTC ($338.38 million), reducing its holdings to 202,441 BTC ($23.14 billion). On the Ethereum side, nine ETFs experienced a net outflow of 6,127 ETH ($21.84 million), with Grayscale (ETHE) responsible for 1,895 ETH ($6.76 million) in outflows, now holding 1,129,115 ETH. These large ETF outflows may indicate bearish sentiment among institutional investors, potentially increasing short-term volatility and impacting trading strategies for BTC and ETH. Source: @lookonchain.

According to Lookonchain, significant Bitcoin whale accumulation is underway as the wallet bc1qcp withdrew 1,350 BTC (valued at $141.91M) from Binance eight hours ago, now holding a total of 20,723 BTC ($2.19B). Another whale, bc1qpu, associated with Abraxas Capital, withdrew 675 BTC ($71.03M) from Kraken seven hours ago, currently holding 1,797 BTC ($190.11M). These large-scale withdrawals from major exchanges indicate strong bullish sentiment among institutional investors, reducing available exchange supply and potentially creating upward pressure on BTC price in the short term (Source: Lookonchain, Twitter, May 20, 2025).