Big money is definitely pulling back today, and honestly it makes complete sense with how quiet things feel. I don't think this is a full panic move, just institutional players taking cash off the table.
Newsbtc.com reported earlier today that spot Bitcoin ETFs took a combined $398.6M in net outflows on November 2. BlackRock led those redemptions. That is a heavy hit for one day.
It shows in the broader market too. The total value of all coins dropped 2.64% recently down to $2.63T, though $BTC still holds 59.2% share of that total value. Sentiment is sitting down at 26 in fear territory.
Are you treating these ETF exits as a short term discount to pick up more spot, or does this make you want to stay in cash for a bit longer?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #MarketUpdate
Newsbtc.com reported earlier today that spot Bitcoin ETFs took a combined $398.6M in net outflows on November 2. BlackRock led those redemptions. That is a heavy hit for one day.
It shows in the broader market too. The total value of all coins dropped 2.64% recently down to $2.63T, though $BTC still holds 59.2% share of that total value. Sentiment is sitting down at 26 in fear territory.
Are you treating these ETF exits as a short term discount to pick up more spot, or does this make you want to stay in cash for a bit longer?
NFA | DYOR #BinanceSquare #WriteToEarn #Bitcoin #Crypto #MarketUpdate