Bitcoin spot ETFs see about $4B outflows since May 7 as Santiment flags contrarian setup

Bitcoin spot ETFs have turned sharply negative in Q2 2026, with May net outflows totaling $2.30 billion and marking the weakest month since November 2025. Santiment said on May 29 that cumulative outflows since May 7 have reached about $4 billion, a pattern its analysts view as historically consistent with contrarian conditions that can form near a market bottom.