Capital outflows from Bitcoin ETFs reached $430M on Nov 5, with Fidelity alone responsible for an exit of $200M. This sharp movement delivers a clear reality check to BTC bulls, serving as a reminder that a short-term bounce should not be mistaken for a genuine market reversal.
Prior to stepping in to buy the dip, tracking three specific developments is essential. First, net ETF flows must return to positive territory. Second, BTC needs to successfully reclaim its lost support levels. Third, the ongoing buildup of market leverage must come to a halt.
#RATS #Bitcoin #BTC
Prior to stepping in to buy the dip, tracking three specific developments is essential. First, net ETF flows must return to positive territory. Second, BTC needs to successfully reclaim its lost support levels. Third, the ongoing buildup of market leverage must come to a halt.
#RATS #Bitcoin #BTC
