First, BlackRock reduced its holdings. Not much, only 228 #BTC, but this is the fifth time in history that BlackRock has reduced its holdings, and it ranks second in terms of the number of reductions. The first selling pressure was on May 1, when it sold 638 BTC.

Only one ARK increased its holdings by 90 BTC in the last trading day. Among the other eleven funds, seven funds had net outflows, with a total outflow of 1,380 BTC, and the other four had zero.

In addition to BlackRock, Fidelity and Bitwise also had net outflows. The other two are not mentioned. So in yesterday's data, all ETFs in the United States had a net outflow of 1,290 BTC. This data is not much, accounting for only 0.14% of the total in the United States. It is indeed not that bad. These sales will not have any impact on the price of BTC, but it does represent the low point of user sentiment, indicating that users still have a strong tolerance and continue to wait for BTC to perform better.