U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.

Spot Bitcoin ETFs recorded $1 billion in weekly net outflows, snapping a six-week inflow streak. Analysts point to capital rotation toward AI stocks.

Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to…