Bitcoin is trading near $60,000, a level last seen in early February, but institutional sentiment has shifted dramatically. Unlike February, when institutional selling slowed as prices dipped, current ETF flows indicate aggressive selling. Last week, U.S.-listed spot Bitcoin ETFs experienced net outflows of $1.72 billion, marking the largest single-week redemption in over a year, according to SoSoValue. This trend contrasts sharply with February, when Bitcoin's dip to $60,000 saw ETF outflows of only $318 million. Recent weeks have shown accelerating outflows, rising from $1 billion in mid-May to $1.72 billion last week. The lack of institutional buying suggests a bearish outlook, challenging Bitcoin's ability to maintain the $60,000 support level. Currently, Bitcoin is trading near $62,000.