It’s exactly because of this: the ETF just stopped seeing inflows for 9 days, yet $BTC somehow didn’t smash through that $76,888 low.
I’m leaning bearish on this move.
Outflows of $201.8 million, and the fund’s total assets are back under $100 billion again—this isn’t just small noise. Outside money should first hit the brakes; once the plate gets shaky, things get easy to wobble.
And the order book itself isn’t solid either. $BTC is now at 77,653, down 2.46% over the past 24 hours. It also tagged a high of 79,840 but couldn’t hold—like someone kicked it and it just leaked momentum.
Most annoying is the contract. In the past 24 hours, contract volume hit 14.2 billion, while spot is only 1.3 billion—roughly a 10.9x gap. Funding rate is still sitting at +0.01%. When price drifts down, longs are still paying the bill—this taste is too familiar to me.
I admit it: if it suddenly reclaims above 78,500, my mouth will probably get slapped again. But until it gets back above that level, I can’t even be bothered to open a contract.
Tell me—are we just getting shaken out before continuing higher, or is the long side not hurt enough yet?
$BTC #ETF动态 #BTC price action analysis
The market flips faster than turning a page—keep some position size.
I’m leaning bearish on this move.
Outflows of $201.8 million, and the fund’s total assets are back under $100 billion again—this isn’t just small noise. Outside money should first hit the brakes; once the plate gets shaky, things get easy to wobble.
And the order book itself isn’t solid either. $BTC is now at 77,653, down 2.46% over the past 24 hours. It also tagged a high of 79,840 but couldn’t hold—like someone kicked it and it just leaked momentum.
Most annoying is the contract. In the past 24 hours, contract volume hit 14.2 billion, while spot is only 1.3 billion—roughly a 10.9x gap. Funding rate is still sitting at +0.01%. When price drifts down, longs are still paying the bill—this taste is too familiar to me.
I admit it: if it suddenly reclaims above 78,500, my mouth will probably get slapped again. But until it gets back above that level, I can’t even be bothered to open a contract.
Tell me—are we just getting shaken out before continuing higher, or is the long side not hurt enough yet?
$BTC #ETF动态 #BTC price action analysis
The market flips faster than turning a page—keep some position size.