Bitcoin funds have recorded $716 million in net outflows since December 8, marking a significant shift in market momentum. Over the past two weeks, investors have been reallocating capital towards gold, silver, and other metals, indicating a temporary shift in investment focus. Despite the outflows, analysis suggests that long-term Bitcoin holders are continuing to lock in their supply, while the market becomes more stable and institutionalized. The decline in BTC options volatility further supports this trend, reflecting a more mature market environment.