Cooling demand for Bitcoin ETFs adds to declining accumulation by whales, underscoring a trying time for the crypto market.

Spot Bitcoin ETFs saw $334M in net outflows Tuesday, with BlackRock's IBIT losing $192M. The seven-day streak coincides with a $1.3B whale trade.

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.