#Bitcoin rises sharply on Friday then falls back; as the price drops, do the data validate the price move?
First, look at ETF data: on Wednesday net inflows were 232.2 million, on Thursday 242.3 million, and on Friday net outflows were 201.9 million. Clearly, starting from Wednesday, ETF net inflows fell below the 0.3–0.5 billion range, and inflows slowed.
Second, on Friday net flow shifted from net inflow to net outflow—funds began to preliminarily leave. And according to the ETF data, the net outflows mainly came from IBIT. This is the drawback I mentioned earlier: ETF net inflows were overly dependent on a single channel. Money flows became too concentrated in one route, and buying power didn’t broaden; without that, optimistic sentiment is unlikely to last.
Crypto market data: trading volume keeps declining and has returned to the usual low-volume conditions seen before last week’s short-term surge. As for funds, although net inflows remain positive, compared with ETF data, crypto capital flow still lacks clear, intuitive guidance.#比特币现货ETF结束9日净流入
Next week, focus on observing the ETF and crypto fund flows. If ETF data continues to show net outflows, it will validate the current downtrend. And if major crypto funds like USDT and USDC also show net outflows, the pullback trend will become even more certain! $BTC
First, look at ETF data: on Wednesday net inflows were 232.2 million, on Thursday 242.3 million, and on Friday net outflows were 201.9 million. Clearly, starting from Wednesday, ETF net inflows fell below the 0.3–0.5 billion range, and inflows slowed.
Second, on Friday net flow shifted from net inflow to net outflow—funds began to preliminarily leave. And according to the ETF data, the net outflows mainly came from IBIT. This is the drawback I mentioned earlier: ETF net inflows were overly dependent on a single channel. Money flows became too concentrated in one route, and buying power didn’t broaden; without that, optimistic sentiment is unlikely to last.
Crypto market data: trading volume keeps declining and has returned to the usual low-volume conditions seen before last week’s short-term surge. As for funds, although net inflows remain positive, compared with ETF data, crypto capital flow still lacks clear, intuitive guidance.#比特币现货ETF结束9日净流入
Next week, focus on observing the ETF and crypto fund flows. If ETF data continues to show net outflows, it will validate the current downtrend. And if major crypto funds like USDT and USDC also show net outflows, the pullback trend will become even more certain! $BTC
