HashKey Exchange(@HashKeyExchange):📊 #Bitcoin spot ETFs recorded their largest monthly outflows since launch in June, but ETF flows tell only part of the story. HashKey Senior Researcher Tim Sun notes that the bigger question is where capital is going. Rather than moving into defensive assets, capital is rotating toward AI and semiconductors, not away from risk assets. Another key variable is whether @Strategy can sustain its pace of Bitcoin purchases, a major source of marginal demand. Read more on Tim’s latest market view on @Crypto

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2026.07.06 07:19

📊 #Bitcoin# spot ETFs recorded their largest monthly outflows since launch in June, but ETF flows tell only part of the story. HashKey Senior Researcher Tim Sun notes that the bigger question is where capital is going. Rather than moving into defensive assets, capital is rotating toward AI and semiconductors, not away from risk assets. Another key variable is whether @Strategy can sustain its pace of Bitcoin purchases, a major source of marginal demand. Read more on Tim’s latest market view on @Crypto_Potato 👇

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