Largest 2026 monthly Bitcoin spot ETF outflows and increased selling by large holders

Bitcoin is experiencing a bearish sentiment due to the largest monthly outflows from Bitcoin spot exchange-traded funds in 2026, totaling approximately $2.3 billion. This significant institutional selling pressure, coupled with a decrease in the number of large holders (whales) and a reduction in positions by long-term holders, indicates a trend of distribution and reduced confidence in Bitcoin's price stability.