ETF outflows hit $635M as Bitcoin price stagnates near $80K.

Bitcoin stalls at $80,400 amid record ETF outflows of $635 million on May 13, exposing institutional distribution that retail exchange outflows fail to offset. Bitcoin Foundation This reveals seller control beneath accumulation optics, as US spot funds bleed while self-custody metrics distract from the core demand drought. Network holds firm with hashrate near 1000 EH/s and rising Lightning capacity, yet tightening macro—10Y yields at 4.52%, DXY above 99, Brent over $106—amplifies inflation pass-through and dollar squeeze without granting Bitcoin any unique refuge. Trading Economics Angel One Holders ignore how Hormuz deadlock erodes miner margins via stranded energy costs, turning network strength into a vulnerability if yields keep climbing. Will ETF sellers exhaust before macro forces liquidation cascades?