Binance Square 10-9 16:00 Crypto Macro Express:
$BTC fell below $82,000. The past week has been rough. The root cause this time was not on-exchange funds, but on the other side of the pipe. U.S. spot Bitcoin ETFs have seen nearly $1 billion in net outflows since October; on Thursday alone, $244 million flowed out, and the previous day was even worse with $485 million in outflows, marking the largest single-day loss since June this year. $ETH could not escape either: the channel saw net outflows for 8 consecutive trading days, with a cumulative $640 million pulled out since September 29. When offshore money doesn’t come in and on-chain support doesn’t hold, prices naturally have to give the market an explanation.
That founder, Yi Lihua, posted today and put it plainly: $82,000 has already been lost, and $79,000 is the level he currently leans toward; if that breaks, then $75,000 needs to be watched next. He himself is not going short, for a simple reason: "look for pullbacks in a bull market, but don’t short." Still, what he said is effectively setting a hard range for this correction. Readers don’t need to pick a side; just remember these two numbers. If $79,000 holds, it’s a consolidation range; if it doesn’t, that’s when the trend reversal begins.
#ETF失血 #加密宏观 #pullback continuation
$BTC fell below $82,000. The past week has been rough. The root cause this time was not on-exchange funds, but on the other side of the pipe. U.S. spot Bitcoin ETFs have seen nearly $1 billion in net outflows since October; on Thursday alone, $244 million flowed out, and the previous day was even worse with $485 million in outflows, marking the largest single-day loss since June this year. $ETH could not escape either: the channel saw net outflows for 8 consecutive trading days, with a cumulative $640 million pulled out since September 29. When offshore money doesn’t come in and on-chain support doesn’t hold, prices naturally have to give the market an explanation.
That founder, Yi Lihua, posted today and put it plainly: $82,000 has already been lost, and $79,000 is the level he currently leans toward; if that breaks, then $75,000 needs to be watched next. He himself is not going short, for a simple reason: "look for pullbacks in a bull market, but don’t short." Still, what he said is effectively setting a hard range for this correction. Readers don’t need to pick a side; just remember these two numbers. If $79,000 holds, it’s a consolidation range; if it doesn’t, that’s when the trend reversal begins.
#ETF失血 #加密宏观 #pullback continuation