ETF is escaping, why is Bitcoin being disliked again?

In the past week (June 2-6), the net outflow of Bitcoin spot ETF in the United States was $131.6 million, and this data is a bit shocking.
Especially:
Fidelity FBTC: Outflow of 167.7 million

ARKB: Outflow of 24.5 million
But BlackRock IBIT instead saw an inflow of 81.1 million.

The market suddenly panicked, trending searches and X are all buzzing:
"Is this a collapse of faith, or have differences emerged?"

Let me briefly organize this for you:

1️⃣ The mood has changed, and everyone is starting to withdraw.
On June 5th, 278 million flowed out in one day, reportedly due to the controversy between Musk and Trump escalating, causing market panic.

2️⃣ Policy risks are rising.
Although Trump supports cryptocurrency, the tariff war he initiated has made the global market uneasy.
What everyone is worried about is not the coin, but external earthquakes.

3️⃣ Funds diverted to Europe?
The European ETF has just been opened to retail investors, and many institutions may be reallocating positions globally.
Cointelegraph reported that even the global ETP saw an outflow of 8 million last week.

📉 Short-term view:
Funds have left, price fluctuations are large, and the upward momentum of BTC has been suppressed.

📈 Long-term view:
The hedging properties of BTC and the logic of decentralization remain unchanged.
The market is just more selective and sensitive now, and investors have become more pragmatic.

✅ What do I personally think?
IBIT is still flowing in, which indicates that investors are not losing faith in BTC, but rather starting to choose platforms and strategies.
The market has changed, and we must become smarter.

What do you think about this wave of ETF outflow?
Is it a short-term trend or a structural change?

Welcome to chat in the comments section, or vote directly:
How long do you think the ETF will continue to flow out?
📍End within a week
📍Continue for a whole month
📍Can't come back straightforwardly.