$BTC is still being treated as an ETF on Binance Square to keep pulling in funds, but the $160 million inflow only warmed up for a single day. Then over the next two days, net outflows totaled $746 million, which is 4.7 times that inflow—recently, over the last 5 trading days, cumulative outflows reached $882 million.
Looking sideways, the latest day saw BTC outflows of $296 million, which is absolutely higher than ETH’s $224 million; but when translated into cumulative net inflow inventory, ETH’s redemption strength is actually 3.15 times that of BTC. Institutional risk appetite has indeed been contracting, and ETH is under heavier pressure.
BTC spot has not temporarily deteriorated with the fund flows: over the most recent complete 6 hours, it rose 0.44%, with active buying at 58.3%. If the ETF on the next trading day turns back to net inflows and active buying remains above 55%, the capital repair would be considered continuing; if the ETF continues to see outflows and active buying falls below 48%, that’s when a sell-pressure resonance occurs.
#BTC #BitcoinETF #ETH
Looking sideways, the latest day saw BTC outflows of $296 million, which is absolutely higher than ETH’s $224 million; but when translated into cumulative net inflow inventory, ETH’s redemption strength is actually 3.15 times that of BTC. Institutional risk appetite has indeed been contracting, and ETH is under heavier pressure.
BTC spot has not temporarily deteriorated with the fund flows: over the most recent complete 6 hours, it rose 0.44%, with active buying at 58.3%. If the ETF on the next trading day turns back to net inflows and active buying remains above 55%, the capital repair would be considered continuing; if the ETF continues to see outflows and active buying falls below 48%, that’s when a sell-pressure resonance occurs.
#BTC #BitcoinETF #ETH
