September 16 Update: A Sudden Large Outflow in the Bitcoin ETF Market
1、ETF Market, yesterday
$BTC
net outflow of 5,763 coins,
$ETH
net outflow of 56,600 coins
Bitcoin recorded its largest single-day outflow in three months, and Ethereum’s net outflow was also substantial. If the net outflow continues to worsen, it would be extremely unfavorable for the subsequent market.
2、Fear & Greed Index, 51, neutral
3、BTC.D index, 59.48
4、M2 indicator: this week it is still in the process of a rebound and rally. The current trend has not ended yet.
Summary: Yesterday’s clear bill vote did not pass, creating a near-term negative catalyst. Bitcoin and Ethereum both dropped accordingly. As mentioned yesterday, some altcoins are more sensitive to the bill—several major altcoins fell more, and XRP, ONDO, etc. dropped significantly. The Fed meeting tonight is, barring surprises, still expected to be a negative factor, which could further release negative news.
However, in the short term, having the two major overhanging negative news items materialize may not be all bad. It’s better than being left hanging indefinitely.
$BTC
#比特币下跌4%
1、ETF Market, yesterday
$BTC
net outflow of 5,763 coins,
$ETH
net outflow of 56,600 coins
Bitcoin recorded its largest single-day outflow in three months, and Ethereum’s net outflow was also substantial. If the net outflow continues to worsen, it would be extremely unfavorable for the subsequent market.
2、Fear & Greed Index, 51, neutral
3、BTC.D index, 59.48
4、M2 indicator: this week it is still in the process of a rebound and rally. The current trend has not ended yet.
Summary: Yesterday’s clear bill vote did not pass, creating a near-term negative catalyst. Bitcoin and Ethereum both dropped accordingly. As mentioned yesterday, some altcoins are more sensitive to the bill—several major altcoins fell more, and XRP, ONDO, etc. dropped significantly. The Fed meeting tonight is, barring surprises, still expected to be a negative factor, which could further release negative news.
However, in the short term, having the two major overhanging negative news items materialize may not be all bad. It’s better than being left hanging indefinitely.
$BTC
#比特币下跌4%
