Spot Bitcoin ETFs just posted their sixth straight day of outflows, and the big money is still walking out. 📉
SoSoValue data reported by The Crypto Times shows 284 million dollars left spot Bitcoin ETFs on November 12, led by BlackRock IBIT with 204 million dollars out, taking the six session total to roughly 1.72 billion dollars. 📰 Complete flow data for Friday November 13 is not published yet, so the streak may already be seven days by the time you read this. My reading is simple, ETF buyers were the bid all year, and while they keep selling there is no large buyer left to catch the fall, so I watch flows before I watch any chart pattern.
Do ETF flows turn positive this week, or does the seventh straight outflow day break the market lower? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
SoSoValue data reported by The Crypto Times shows 284 million dollars left spot Bitcoin ETFs on November 12, led by BlackRock IBIT with 204 million dollars out, taking the six session total to roughly 1.72 billion dollars. 📰 Complete flow data for Friday November 13 is not published yet, so the streak may already be seven days by the time you read this. My reading is simple, ETF buyers were the bid all year, and while they keep selling there is no large buyer left to catch the fall, so I watch flows before I watch any chart pattern.
Do ETF flows turn positive this week, or does the seventh straight outflow day break the market lower? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #ETF
