Woofun AI reports that Rafael, co-founder of Glassnode, stated current institutional demand has not absorbed new Bitcoin supply but exacerbated selling pressure. Data indicates ETFs experienced a net outflow of 71,600 Bitcoin units in the past month, while Digital Asset Treasury companies added just 7,500 Bitcoin units. Excluding new issuances, the combined net outflow from ETFs and DATs reached 77,000 Bitcoin units, suggesting price rebounds face continued pressure until flows turn positive.