The most uncomfortable part isn’t that the ETF has had 9 days of net inflows drying up.
It’s actually the day it went into a stop—$BTC didn’t show that kind of messy, brutal drop I expected.
I just picked up DouDou from the keyboard and stepped away, and when I came back to check the chart, I couldn’t quite hold it together.😂
The news says that in the US market, spot ETFs saw a single-day net outflow of $201.8 million, so logically sentiment should be even worse.
But $BTC is still hovering around 77524. What really makes me uncomfortable is something else: the contract volume is 10.8 times the spot.
It feels like this—on the spot side, someone pulled out, but on the derivatives side it’s still desperately putting on a brave face and acting like it’s fine.
And the funding rate is still positive, which suggests the bulls haven’t fully surrendered.
However, the price is already below 78,000. This kind of “stubborn,嘴硬” bullishness—I generally don’t like to catch.
My stance is clear: slightly bearish, but I’m not going to chase shorts.
Because that low at 76888 has already been touched once. If you place orders at the lower levels today based purely on emotion, it’s pretty easy to get hit from both sides.
I’d rather wait for a bit of a rebound and then reassess. At least right now, this isn’t a spot that makes me feel comfortable bottom-fishing.
Drawing charts during the day makes my eyes hurt. At night, staring at this kind of market alone really will make you wish you were elsewhere. It doesn’t look like a bottom—it looks like someone still isn’t willing to give up, and wants to squeeze out another round.
This post is just my personal thoughts, not financial advice.$BTC #BTC
It’s actually the day it went into a stop—$BTC didn’t show that kind of messy, brutal drop I expected.
I just picked up DouDou from the keyboard and stepped away, and when I came back to check the chart, I couldn’t quite hold it together.😂
The news says that in the US market, spot ETFs saw a single-day net outflow of $201.8 million, so logically sentiment should be even worse.
But $BTC is still hovering around 77524. What really makes me uncomfortable is something else: the contract volume is 10.8 times the spot.
It feels like this—on the spot side, someone pulled out, but on the derivatives side it’s still desperately putting on a brave face and acting like it’s fine.
And the funding rate is still positive, which suggests the bulls haven’t fully surrendered.
However, the price is already below 78,000. This kind of “stubborn,嘴硬” bullishness—I generally don’t like to catch.
My stance is clear: slightly bearish, but I’m not going to chase shorts.
Because that low at 76888 has already been touched once. If you place orders at the lower levels today based purely on emotion, it’s pretty easy to get hit from both sides.
I’d rather wait for a bit of a rebound and then reassess. At least right now, this isn’t a spot that makes me feel comfortable bottom-fishing.
Drawing charts during the day makes my eyes hurt. At night, staring at this kind of market alone really will make you wish you were elsewhere. It doesn’t look like a bottom—it looks like someone still isn’t willing to give up, and wants to squeeze out another round.
This post is just my personal thoughts, not financial advice.$BTC #BTC