Bitcoin ETFs have now lost 3 billion dollars since October 30, a record outflow run. 📰
Coinbase Institutional data reported by TradingView shows US spot Bitcoin ETFs lost a record 3 billion dollars since October 30, with only November 4 recording an inflow of 74.6 million dollars in the whole period. ⚠️ SoSoValue and Farside data put November 12 at minus 284.1 million dollars and November 13 at minus 185.4 million, a seventh straight outflow day, while Ether ETFs lost nearly 424 million over the same stretch. My reading is that institutions are not buying this dip at all, they are leaving, and until ETF flows turn positive every Bitcoin bounce is just a chance for sellers to reload.
What flips ETF flows back to inflows, a Fed surprise or a Bitcoin reclaim of 70,000? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
Coinbase Institutional data reported by TradingView shows US spot Bitcoin ETFs lost a record 3 billion dollars since October 30, with only November 4 recording an inflow of 74.6 million dollars in the whole period. ⚠️ SoSoValue and Farside data put November 12 at minus 284.1 million dollars and November 13 at minus 185.4 million, a seventh straight outflow day, while Ether ETFs lost nearly 424 million over the same stretch. My reading is that institutions are not buying this dip at all, they are leaving, and until ETF flows turn positive every Bitcoin bounce is just a chance for sellers to reload.
What flips ETF flows back to inflows, a Fed surprise or a Bitcoin reclaim of 70,000? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinETF
