ETF outflows passed 1 billion dollars, yet price still recovered. 📰
CNBC TV18 via TradingView reported on 4 November that United States spot Bitcoin ETFs recorded net outflows of 398.6 million dollars on 2 November, after 643.2 million dollars on 30 October, taking combined outflows past 1 billion dollars in two sessions, while stablecoin circulating value fell 5.55 billion dollars between 27 October and 3 November. 📉 My reading is that this split matters, because spot ETF selling is real institutional caution, while the price recovery shows spot buyers and short covering can still lift the market in the short term. When flows and price disagree, price usually wins the day, but flows win the week, so Friday payrolls and the next ETF prints still decide the bigger move.
Do ETF outflows worry you more than the price recovery reassures you? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
CNBC TV18 via TradingView reported on 4 November that United States spot Bitcoin ETFs recorded net outflows of 398.6 million dollars on 2 November, after 643.2 million dollars on 30 October, taking combined outflows past 1 billion dollars in two sessions, while stablecoin circulating value fell 5.55 billion dollars between 27 October and 3 November. 📉 My reading is that this split matters, because spot ETF selling is real institutional caution, while the price recovery shows spot buyers and short covering can still lift the market in the short term. When flows and price disagree, price usually wins the day, but flows win the week, so Friday payrolls and the next ETF prints still decide the bigger move.
Do ETF outflows worry you more than the price recovery reassures you? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
