Recent trading activity in Bitcoin spot ETFs has shown a significant net outflow of $154.2 million, with BlackRock’s iShares Bitcoin Trust experiencing a substantial loss of over $2.7 billion in the past five weeks. This has led to divided opinions among analysts regarding major crypto-related firms. Coinbase currently holds a buy rating with a target price of $385.13, although Barclays has reduced its target to $291. Meanwhile, MicroStrategy, which holds 671,268 BTC, is facing mixed analyst views. Bernstein has lowered its target price to $450, citing concerns over leverage risks. The performance of both companies is closely linked to ETF flow trends and critical support and resistance levels in the market.