$ALLO The washout has ended, a big explosion begins. Target above 1.0. At the same time, on Binance and OK Coinbase, it can't just end like this. After such a long washout, the dog stock definitely will rally.
On the 11.2 confirmation, Bitcoin has entered a bear market cycle, falling back to seventy thousand, which many people do not believe. It seems like it's not far away now. The downward trend has not yet ended. The FBI in the U.S. has seized over 100,000 bitcoins, which have shrunk by hundreds of billions in a month. ETFs are crazily unloading every night.
The market has entered the second stage of a deep bear market, with funds accelerating their exit. Going long and facing liquidation is just a matter of time. There are still 58 billion USD in ETFs that haven't fled. Now it's all about who can run faster. After two years of decline, bottom-fishing will eventually lead to death.
All ETFs are experiencing a comprehensive sell-off. What can lead to a surge? The inflow of funds into ETFs is 58 billion USD, which means there is nearly 58 billion in costs accumulated here. Last month it was 120,000 USD each, and now it is only 86,000 USD each. How many people can withstand such a pullback? At the same time, how many profit-taking investors will flee? The market has already been declining for more than ten days, and the trend of ETF selling has not weakened but has strengthened. What can the market use to absorb these fleeing funds?
The ETF still has 58.2 billion USD in principal, total assets are roughly 127 billion USD, which means the ETF spot profit is still close to 110%. Now the ETF is crazily liquidating every night, profit-taking is wildly escaping. If you want to take over, see if you have close to 900 billion in funds to take over.