6.34 billion US dollars flowed into BTC ETFs, but on the last day the funds suddenly began to withdraw
BTC had some very nice data in the third quarter:
US spot Bitcoin ETFs saw net inflows of about $6.34 billion.
BTC rose by more than 42% in the same period.
If you only look at this, it’s easy to draw a conclusion:
Institutions are still buying, so it’s bullish.
But I care more about another figure.
On the last trading day of September, BTC ETFs instead recorded a net outflow of about $149 million, ending the prior streak of net inflows over nine straight days.
This means that for BTC, you can’t just look at “how much institutions bought”; you also need to see whether this round of inflows can continue.
So I’m not going to chase it just because it broke above 85,200.
My plan is:
First, see whether it can truly hold ground around 85,000.
If it can keep absorbing demand above 85,000, I’ll stay more bullish. My first target is 86,500～87,000; if it breaks further, I’ll look around 88,500.
But if it slips back below 83,800, I’ll dial down my short-term long expectations.
The most interesting part of the market right now is exactly this:
The $6.34 billion in Q3 ETF funds has already proved that there is long-term buying demand.
But in Q4, when the first batch of capital arrives, will it keep pushing in—or will it start taking profits?
That’s the key data worth watching next.
$BTC
#比特币ETF三季度净流入63.4亿美元
BTC had some very nice data in the third quarter:
US spot Bitcoin ETFs saw net inflows of about $6.34 billion.
BTC rose by more than 42% in the same period.
If you only look at this, it’s easy to draw a conclusion:
Institutions are still buying, so it’s bullish.
But I care more about another figure.
On the last trading day of September, BTC ETFs instead recorded a net outflow of about $149 million, ending the prior streak of net inflows over nine straight days.
This means that for BTC, you can’t just look at “how much institutions bought”; you also need to see whether this round of inflows can continue.
So I’m not going to chase it just because it broke above 85,200.
My plan is:
First, see whether it can truly hold ground around 85,000.
If it can keep absorbing demand above 85,000, I’ll stay more bullish. My first target is 86,500～87,000; if it breaks further, I’ll look around 88,500.
But if it slips back below 83,800, I’ll dial down my short-term long expectations.
The most interesting part of the market right now is exactly this:
The $6.34 billion in Q3 ETF funds has already proved that there is long-term buying demand.
But in Q4, when the first batch of capital arrives, will it keep pushing in—or will it start taking profits?
That’s the key data worth watching next.
$BTC
#比特币ETF三季度净流入63.4亿美元