#以太坊现货etf上周净流出5.42亿美元
Damn, Wall Street is really starting to pull back this time! $BTC and $ETH saw $1.223 billion flow out in a week, and I feel like this correction isn’t over yet! 📉
Brothers, just a few days ago BTC was still trying to break through $87,000, and a bunch of people in the market were still shouting that the bull market would continue.
Then Wall Street poured a bucket of cold water on the market!
According to the statistics from October 5 to 9,
BTC spot ETFs recorded a net outflow of $681 million in a single week, ending three consecutive weeks of net inflows!
ETH spot ETFs saw outflows of $542 million during the same period, with BlackRock’s ETHA alone seeing $477 million in outflows!
The two major ETF markets together had a net outflow of $1.223 billion!
What hurts the most is that while retail investors were still hoping for a breakout, institutional capital through these channels had already clearly cooled off.
Although ETF net outflows do not mean all institutions are running for the exits, with this important source of short-term buying power gone, it won’t be nearly as easy for the rebound to keep strengthening.
I already said before that if BTC couldn’t get above $87,000, this rebound would need to be treated with caution!
Now my view is even more bearish.
For BTC, the key level is $83,000. If that breaks, then I’m watching $82,000 next, and if weakness continues, around $80,300.
The same goes for ETH. I’m not rushing to call for a reversal before $2,587 holds firmly.
The worst thing is Wall Street pulling out funds while retail investors are still fantasizing about one huge green candle that instantly gets them out of trouble.
For this round, I’ll first watch for a correction. Once funds truly flow back in, I’ll reconsider long opportunities.
There’s never a shortage of opportunities in crypto. What’s rare is the ability to protect profits when the market starts weakening! 🔥
$BTC
#比特币 #以太坊 #BTCETF #ETHETF
👇 Click the link below to go directly there!
Damn, Wall Street is really starting to pull back this time! $BTC and $ETH saw $1.223 billion flow out in a week, and I feel like this correction isn’t over yet! 📉
Brothers, just a few days ago BTC was still trying to break through $87,000, and a bunch of people in the market were still shouting that the bull market would continue.
Then Wall Street poured a bucket of cold water on the market!
According to the statistics from October 5 to 9,
BTC spot ETFs recorded a net outflow of $681 million in a single week, ending three consecutive weeks of net inflows!
ETH spot ETFs saw outflows of $542 million during the same period, with BlackRock’s ETHA alone seeing $477 million in outflows!
The two major ETF markets together had a net outflow of $1.223 billion!
What hurts the most is that while retail investors were still hoping for a breakout, institutional capital through these channels had already clearly cooled off.
Although ETF net outflows do not mean all institutions are running for the exits, with this important source of short-term buying power gone, it won’t be nearly as easy for the rebound to keep strengthening.
I already said before that if BTC couldn’t get above $87,000, this rebound would need to be treated with caution!
Now my view is even more bearish.
For BTC, the key level is $83,000. If that breaks, then I’m watching $82,000 next, and if weakness continues, around $80,300.
The same goes for ETH. I’m not rushing to call for a reversal before $2,587 holds firmly.
The worst thing is Wall Street pulling out funds while retail investors are still fantasizing about one huge green candle that instantly gets them out of trouble.
For this round, I’ll first watch for a correction. Once funds truly flow back in, I’ll reconsider long opportunities.
There’s never a shortage of opportunities in crypto. What’s rare is the ability to protect profits when the market starts weakening! 🔥
$BTC
#比特币 #以太坊 #BTCETF #ETHETF
👇 Click the link below to go directly there!