Analyst Flags Institutional Bitcoin Exit as BTC Stalls Below $78,000

Bitcoin has been unable to reclaim $78,000, grinding sideways as it trades below the May highs near $82,000. A CryptoOnchain study combining US spot Bitcoin ETF flows with Binance on-chain metrics points to net ETF outflows above $1.74 billion over the past two weeks alongside sharply weaker US institutional demand indicators. The report argues spot supply is rising on exchanges while leveraged retail positioning remains elevated, increasing downside risk if support levels fail.