The digital asset market is facing a double-edged sword this week as institutional selling pressure persists through Bitcoin spot ETFs, while legislative progress for comprehensive crypto regulation appears to be losing steam. Recent reports indicate that Bitcoin ETFs have endured a record-breaking streak of net outflows, with major providers like BlackRock seeing significant capital withdrawals. This institutional retreat, which has dragged Bitcoin prices toward the $60,000 support level, suggests that large-scale investors are currently prioritizing risk reduction over accumulation.