BTC & ETH ETFs bleed $1.29 billion in a brutal week, marking the third worst outflow period of the year. The carnage from May 11 (Monday to Friday) was severe: BTC ETFs saw $1.03 billion in outflows, with BTC dropping 5.26% from $81,728 to $77,429. ETH ETFs lost $263 million, dragging ETH down 9.05% from $2,339 to $2,128. For context, this pales compared to January's bloodbaths. The worst week remains January 26, where BTC ETFs bled $1.5 billion and ETH ETFs lost $327.1 million. BTC cratered 12.79% from $88,267 to $76,974, while ETH plunged 22.50% from $2,926 to $2,268. The second worst was January 19: BTC ETFs saw $1.2 billion in outflows and ETH ETFs hemorrhaged $600.7 million. BTC fell 6.46% from $92,554 to $86,572, and ETH dropped 11.63% from $3,187 to $2,816. Two key observations stand out: First, this BTC sell-off is more distributed. ARKB and IBIT are nearly neck-and-neck at the top, each recording outflows of around $310-324 million. In contrast, January's waves were primarily IBIT-led. ETH remains similar to January, with ETHA absorbing the bulk of the damage. Second, BTC now sits at $77K, just 2% above the critical support zone around $76K. This makes next week's ETF flow data absolutely crucial to watch for signs of stabilization or further breakdown.