Glassnode Co-founder: Bitcoin ETF Outflows Hit 71,600 BTC in Past Month, Failing to Absorb New Supply

According to Foresight News, Glassnode co-founder Rafael said that institutional demand has failed to absorb new Bitcoin supply over the past month, instead adding to selling pressure. Bitcoin ETF net outflows reached 71,600 BTC in the past month, while digital asset treasuries (DATs) added only 7,500 BTC. After deducting issuance, combined ETF and DATs outflows totaled 77,000 BTC. Rafael noted that until this net outflow reverses, any price recovery will face continued downward pressure from exiting positions.
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