Recent data indicates significant outflows from spot Bitcoin exchange-traded funds (ETFs), with a total outflow of $140 million on June 20, marking the fifth consecutive day of such movements. This information was reported by cryptocurrency journalist and blogger Colin Wu on his X account.

Specifically, Grayscale’s ETF (GBTC) experienced a loss of $53.1 million in a single day, while BlackRock’s ETF (IBIT) saw an outflow of $1.4791 million. Despite this, IBIT still maintains $17.643 billion in BTC holdings. Over the past five days, Grayscale has lost $232 million, but this is less than Fidelity’s ETF (FBTC), which saw outflows totaling $413 million during the same period.

These outflows coincide with a decline in Bitcoin’s price, which has dropped nearly 5.2% this week, falling below the $67,000 mark to its current price of $63,880.

Adding to the market activity, a notable whale trader transferred 660 BTC to the Binance exchange for sale. The analytics account @lookonchain provided insights into this whale’s previous successful trades. Over the past year, this trader has executed large trades twice, earning more than $30 million in profit.

In one instance, the trader bought 718 Bitcoins between August and November of last year at an average price of approximately $29,385 and sold them in December at $41,953, resulting in a $9 million profit (+43%). In another significant trade, the whale purchased 1,181 BTC between February and May 13 this year and sold them on May 27 and June 20, earning $21.2 million (+37%).

These movements suggest a cautious sentiment among large investors and ETF holders amid the recent price volatility and market conditions affecting Bitcoin.