ETF money left the market all week, and Friday did most of the damage. 📰
Combined Bitcoin and Ethereum ETF outflows reached 633.8 million dollars last week. Bitcoin funds took in 440.8 million dollars from Monday to Thursday, then lost 643.2 million dollars in one day on Friday, the largest daily exit since June. 📉 Ethereum products lost 431.4 million dollars over five straight days of outflows. Source: TradersUnion, 1 November, citing Quinten Francois. My reading is that the week tells two stories at once. Buyers were still there for four days, then one bad headline day wiped the week out. That is why a single Monday flow print matters so much now. One green day does not fix it, but a second outflow day would confirm fear is still in charge.
Do ETF flows turn green on Monday, or does the outflow streak extend? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
Combined Bitcoin and Ethereum ETF outflows reached 633.8 million dollars last week. Bitcoin funds took in 440.8 million dollars from Monday to Thursday, then lost 643.2 million dollars in one day on Friday, the largest daily exit since June. 📉 Ethereum products lost 431.4 million dollars over five straight days of outflows. Source: TradersUnion, 1 November, citing Quinten Francois. My reading is that the week tells two stories at once. Buyers were still there for four days, then one bad headline day wiped the week out. That is why a single Monday flow print matters so much now. One green day does not fix it, but a second outflow day would confirm fear is still in charge.
Do ETF flows turn green on Monday, or does the outflow streak extend? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
