ETF has been withdrawing for 10 consecutive days, nearly 3 billion yuan, claiming to be bullish, but money is actually flowing out; those in the know understand.

According to Santiment data, the ratio of bullish to bearish comments on Bitcoin social media has risen to 2.23:1, the highest level since 2026. Santiment pointed out that the two previous similar extreme optimistic sentiments this year were followed by short-term pullbacks, while extremely pessimistic sentiments often correspond to local bottoms. Meanwhile, the US spot Bitcoin ETF has experienced net outflows for 10 consecutive trading days, with a total net outflow of over $2.97 billion since May 15.