BlackRock's Bitcoin ETF just had its seventh straight day of outflows. The big money is stepping back. 📉
Farside Investors data reported by Blockonomi and CoinDesk shows BlackRock's IBIT lost 213.2 million dollars on Monday, its seventh straight session of withdrawals, taking its losses since 30 October to 1.66 billion dollars. 📰 All US spot Bitcoin ETFs together lost 201 million dollars on Monday, the third straight day of selling, and November outflows now stand at 1.48 billion dollars. Spot Ether ETFs lost 184.6 million dollars the same day, with BlackRock's ETHA down 119.3 million. My reading is that institutions are waiting for CPI before they commit, not panic selling, but seven straight red days is a real weight on price, and flows only turn when the data gives them a reason.
Do seven straight days of IBIT outflows change your Bitcoin plan, or is CPI the only number that matters? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
Farside Investors data reported by Blockonomi and CoinDesk shows BlackRock's IBIT lost 213.2 million dollars on Monday, its seventh straight session of withdrawals, taking its losses since 30 October to 1.66 billion dollars. 📰 All US spot Bitcoin ETFs together lost 201 million dollars on Monday, the third straight day of selling, and November outflows now stand at 1.48 billion dollars. Spot Ether ETFs lost 184.6 million dollars the same day, with BlackRock's ETHA down 119.3 million. My reading is that institutions are waiting for CPI before they commit, not panic selling, but seven straight red days is a real weight on price, and flows only turn when the data gives them a reason.
Do seven straight days of IBIT outflows change your Bitcoin plan, or is CPI the only number that matters? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
