Glassnode: US Bitcoin ETF Flows Negative Since Mid-May

Glassnode data reveals the 7D-SMA of US Spot ETF aggregated flows recorded no net positive days since mid-May, confirming an absence of institutional demand as TradFi capital avoids re-engaging with BTC at current price levels.

US Bitcoin spot ETF daily net flows history since launch and institutional Bitcoin demand trends after ETF approval both point to sustained outflows, with price action on the 4h chart reinforcing the caution: BTC trades at $62338.03 inside a bearish structure defined by EMA50 resistance at $63998.36 and EMA200 at $68262.48, while MACD at -260.4 prints a death cross and price tests the lower Bollinger support near $62588.15 with RSI at 34.72 still neutral.