According to @glassnode, last week witnessed the first net outflow from BTC spot ETFs in over two months, ending a consistent period of inflows. Although the outflow was modest, it signals growing caution among traders as Bitcoin's price remains stalled below the $120,000 level. This shift in ETF flows is a key indicator for market sentiment and may influence short-term trading strategies and volatility in the BTC market. Source: @glassnode