PANews, May 23: The cryptocurrency sentiment platform Santiment reported that over the past ten days, Bitcoin ETFs experienced net outflows on nine days, suggesting that retail investors have lost patience after Bitcoin failed to break the $80,000 barrier. Santiment analysts view this as retail capitulation rather than a bearish price judgment, as ETF flows more closely reflect retail sentiment than institutional positioning. Historical cycles indicate that sustained retail selling via ETFs often coincides with accumulation phases by long-term holders. Additionally, since mid-May, Ethereum ETFs have shown net outflows, but the magnitude is far smaller than suggested by social media commentary, and recently, trading activity turned net inflow.
Santiment: Bitcoin ETFs Experience Nine Days of Outflows, Reflecting Retail Investor Frustration
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Summary
Santiment reports that Bitcoin ETFs experienced outflows on nine of the past ten days, indicating a shift in market sentiment. Retail investors appear frustrated as Bitcoin remains below $80,000. Analysts say this reflects retail capitulation, not a bearish trend. ETF trading data shows Ethereum also faced outflows since mid-May, though recent figures reveal a small net inflow. Long-term holders may be accumulating during this period.
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