Did $6B in ETF outflows just mark Bitcoin’s first Wall Street capitulation?
Six weeks of relentless Bitcoin ETF outflows have investors asking whether institutional conviction has finally broken.

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With ETF trading paused and options expiry settling, Bitcoin’s weekend test is whether the move toward $58K was forced-selling exhaustion or the start of a lower range.
The Trump administration called Basel's 1,250% crypto weight anti-competitive, the EU kept it, and global banks are stuck building different products for different borders.
Kalshi’s broader board is now visible, but depth, spreads, funding, and venue habit will decide whether alt markets matter.
Regulated securities rails could give BTC treasury firms a new engine, if product demand and mNAV math hold up.
With Bitcoin price struggling to reclaim $60,000 after a near-break of $58,000, the next move depends on whether inflation data, Fed expectations and risk appetite give bulls enough room to defend support.
Strategy still holds more than $50 billion of Bitcoin, but weaker securities and rising funding costs are leaving it with fewer attractive ways to keep buying.