#Bitcoin ETF ends 9 consecutive days of net inflows, with net outflows appearing for the first time this Wednesday and this week, and the magnitude isn’t small either. Has the market’s confidence been weakened as expectations for an October rate hike fade, yet prices are falling instead?
According to the #BTC ETF data released on Wednesday, there was a daily net outflow of 148.7 million. Among them, IBIT saw a net outflow of 9.5 million, while FBTC had a net outflow of 125.6 million, becoming the largest net outflow channel yesterday.
Crypto market data also isn’t looking too good. The key thing to watch is fund flows: net outflows are still in place—200 million in a single day, with USDC recording a net outflow of 176 million.
Wednesday’s data is indeed surprising. After 9 straight days of net inflows, Tuesday’s fund inflow had already strengthened. When October rate-hike expectations were weakened, prices rebounded—but nobody expected to see coordinated collective net outflows instead.
Next, we need to watch the ETF data for Thursday and Friday. If it’s only a single day of net outflow, that’s not a big issue—it would mean normal rotation and rebalancing of funds. But if funds continue to show net outflows in consecutive days, and crypto funds are also maintaining net outflows, that could imply a decline in market confidence—then it really needs attention!
One more point to note: the probability of an October rate hike is weakening. If market funds are taking the opportunity to flee, then what exactly is the market afraid of? #比特币ETF三季度净流入63.4亿美元
According to the #BTC ETF data released on Wednesday, there was a daily net outflow of 148.7 million. Among them, IBIT saw a net outflow of 9.5 million, while FBTC had a net outflow of 125.6 million, becoming the largest net outflow channel yesterday.
Crypto market data also isn’t looking too good. The key thing to watch is fund flows: net outflows are still in place—200 million in a single day, with USDC recording a net outflow of 176 million.
Wednesday’s data is indeed surprising. After 9 straight days of net inflows, Tuesday’s fund inflow had already strengthened. When October rate-hike expectations were weakened, prices rebounded—but nobody expected to see coordinated collective net outflows instead.
Next, we need to watch the ETF data for Thursday and Friday. If it’s only a single day of net outflow, that’s not a big issue—it would mean normal rotation and rebalancing of funds. But if funds continue to show net outflows in consecutive days, and crypto funds are also maintaining net outflows, that could imply a decline in market confidence—then it really needs attention!
One more point to note: the probability of an October rate hike is weakening. If market funds are taking the opportunity to flee, then what exactly is the market afraid of? #比特币ETF三季度净流入63.4亿美元
