Bitcoin near $60,000 today vs February: Institutional sentiment has flipped

Bitcoin returned to about $60,000, but spot bitcoin ETF investors are now selling heavily into the dip, unlike in February. U.S.-listed spot bitcoin ETFs saw $1.72 billion in net outflows last week, the largest weekly redemption in over a year. Outflows have accelerated for four straight weeks as prices fell, signaling a more bearish institutional stance than February when selling slowed near $60,000.