Matrixport's daily analysis shows that Bitcoin ETFs are expected to see a net outflow of around $1.2 billion this month, the second highest level in history, second only to $3.5 billion in February. Institutional funds are mostly leaving the market in the summer, although Ethereum continues to attract inflows, Bitcoin ETFs have been in a net outflow state for five consecutive months. Analysts point out that while seasonal factors are short-term phenomena, fund flows are equally important. Although macroeconomic conditions and liquidity factors may continue to support Bitcoin, market participants should remain cautious.
