Quote of the Day
Capriole Investments’ institutional buying model, which tracks Bitcoin demand from ETFs, corporate treasuries, and miner issuance, shows net institutional selling at around 450% of daily mined supply, equivalent to about 2,000 BTC per day.
In other words, large holders are selling 4-5x more Bitcoin than is mined each day.
Spot Bitcoin ETFs appear to be the biggest drag. Their flow line has fallen sharply below zero, suggesting ETF outflows are now overwhelming other sources of demand.
In the past month, for instance, these funds have witnessed nearly $27 billion in withdrawals, according to data resource Glassnode.
Yashu Gola
June 10, 2026
Bitcoin price may slide toward $30K as institutions dump 450% of daily BTC supply
It appears to me more people are losing faith in Bitcoin.
Prepare appropriately.
I have said all along that crypto currency is tulip bulbs and will die suddenly and horribly when the fad ends.
It has lasted longer than I expected (I think due to the very high level of desire for a currency not controlled by a government, all of whom are printing money at far-past-unsustainable speed), but the end result will still be the same – crypto currency has no backing, so it lives and dies *entirely* by fad.
(And yes, fiat currency *does* have backing – if you don’t pay your taxes with it, men with guns will come take your stuff. It’s not the kind of backing I would prefer, but it works better than tulip bulb fads.)