Recently, Bitcoin ETFs have been seeing a bit of “bleeding.” From September 8 to September 10—those three days in total—roughly $450 million flowed out. Especially on the 10th, the outflows accelerated the fastest; even big institutions like BlackRock and Fidelity were selling.
You see, just a few days earlier (September 2 to 4), everyone was going crazy buying—bringing in more than $1 billion in a week.
This in-and-out pattern shows that market sentiment is changing very quickly. People are a little panicked now and don’t dare to hold too much inventory.
The next two weeks are especially critical. There are three major things to watch:
First, on September 16, the U.S. Federal Reserve will meet to set interest rates—this directly affects how tight or loose money is.
Second, September 25 is the quarterly options expiration date, involving a market pot of more than $14 billion. At that time, prices are prone to whipsaw up and down.
Third, it’s about whether ETFs will continue to see outflows.
Right now is a turning point. With a lot of mixed news on the tape, everyone should really restrain themselves—don’t make blind moves. Wait until these few “shoes” drop before deciding which direction to take.
$BTC $ETH $ZEC
You see, just a few days earlier (September 2 to 4), everyone was going crazy buying—bringing in more than $1 billion in a week.
This in-and-out pattern shows that market sentiment is changing very quickly. People are a little panicked now and don’t dare to hold too much inventory.
The next two weeks are especially critical. There are three major things to watch:
First, on September 16, the U.S. Federal Reserve will meet to set interest rates—this directly affects how tight or loose money is.
Second, September 25 is the quarterly options expiration date, involving a market pot of more than $14 billion. At that time, prices are prone to whipsaw up and down.
Third, it’s about whether ETFs will continue to see outflows.
Right now is a turning point. With a lot of mixed news on the tape, everyone should really restrain themselves—don’t make blind moves. Wait until these few “shoes” drop before deciding which direction to take.
$BTC $ETH $ZEC
