The BTC ETFs have seen $1B+ in net outflows over the past 2 sessions 🥶

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Original author: ChandlerZ, Foresight News
On the evening of May 28, the SPACEEX-USDH perpetual contract on Hyperliquid experienced a sharp flash crash, with the price falling from a low of $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, before rebounding to around $2,169.
This crash resulted in the liquidation of 405 users and 1,393 positions, with a total liquidation amount of $1.51 million.
Data shows that the total trading volume of this contract in the past 24 hours...

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the dark pool trade was 1.3B and net outflows that day were $550M so clearly some other factors at play
but ya that was the driver I'd imagine