#比特币etf单日净流出2.44亿美元
I'm numb. $BTC Just as Bitcoin fell to around $80,000, Wall Street money started pulling out too. 😭
According to the data released, U.S. spot Bitcoin ETFs saw net outflows of $244 million on October 8, marking two consecutive days of outflows and bringing total outflows to a whopping $729 million!
The hardest hit was Fidelity's FBTC, which saw $197 million flow out in a single day—about 80% of the day's total net outflows.
People used to think that retail investors panic-sold while Wall Street bought the dip. But this time, as soon as Bitcoin fell, institutional money started heading for the exits too.
That said, outflows of more than $700 million over two days aren't enough to seriously damage the broader ETF market. After all, total assets still stand at around $105 billion, and cumulative net inflows since launch exceed $57.1 billion.
The two things to watch most closely now are when ETF flows will turn positive again, and whether BTC can hold the $80,000 level.
If outflows continue and $80,000 doesn't hold, the market could remain turbulent.
We used to spend every day hoping Wall Street would come in and lift the crypto market. Now retail investors are still waiting for institutions to buy the dip, while the institutions themselves have started trimming their positions. 😂
$BTC #比特币ETF
I'm numb. $BTC Just as Bitcoin fell to around $80,000, Wall Street money started pulling out too. 😭
According to the data released, U.S. spot Bitcoin ETFs saw net outflows of $244 million on October 8, marking two consecutive days of outflows and bringing total outflows to a whopping $729 million!
The hardest hit was Fidelity's FBTC, which saw $197 million flow out in a single day—about 80% of the day's total net outflows.
People used to think that retail investors panic-sold while Wall Street bought the dip. But this time, as soon as Bitcoin fell, institutional money started heading for the exits too.
That said, outflows of more than $700 million over two days aren't enough to seriously damage the broader ETF market. After all, total assets still stand at around $105 billion, and cumulative net inflows since launch exceed $57.1 billion.
The two things to watch most closely now are when ETF flows will turn positive again, and whether BTC can hold the $80,000 level.
If outflows continue and $80,000 doesn't hold, the market could remain turbulent.
We used to spend every day hoping Wall Street would come in and lift the crypto market. Now retail investors are still waiting for institutions to buy the dip, while the institutions themselves have started trimming their positions. 😂
$BTC #比特币ETF