13 days. $4.4 billion out of Bitcoin ETFs. The longest outflow streak in spot ETF history just broke. One session. $3.05 million in. Then $325.7 million straight back out the door. Long-term holder supply hit a record 15.8 million BTC this week. Every headline called it bullish. CryptoQuant called it something else entirely. Stagnation. Not accumulation. Short-term demand has completely evaporated. Those coins aren’t being held with conviction…they’re just not moving because nobody is buying them. The problem was never selling pressure. It’s the absence of new buyers. That is a very different market than the one being sold to you right now. What changes that? Tell me below.
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