$BTC is back above $82,000, but I’m more interested in the numbers behind that $73 billion.
Wait, not $73 billion.
U.S. spot Bitcoin ETFs saw a combined net outflow of about $730 million over the past two trading days.
October 7: about $487 million in outflows.
October 8: about $244 million in outflows.
Meanwhile, after a round of declines, BTC was still hovering around $82,000 early on October 10.
That got me thinking:
When prices rebound, is the money really coming back?
ETF net outflows don’t necessarily mean BTC will keep falling.
But if prices rebound and money doesn’t continue flowing back in, I’ll be more cautious.
There are two things I’ll be watching next:
① Will ETFs start seeing sustained net inflows again?
② As BTC rebounds, will spot buying keep pace?
🦌 Lumi
No trading calls—just what’s happening and what I’m watching.
What do you think BTC needs more right now: a price breakout or money flowing back in?
#BTC #Bitcoin #BitcoinETF
Wait, not $73 billion.
U.S. spot Bitcoin ETFs saw a combined net outflow of about $730 million over the past two trading days.
October 7: about $487 million in outflows.
October 8: about $244 million in outflows.
Meanwhile, after a round of declines, BTC was still hovering around $82,000 early on October 10.
That got me thinking:
When prices rebound, is the money really coming back?
ETF net outflows don’t necessarily mean BTC will keep falling.
But if prices rebound and money doesn’t continue flowing back in, I’ll be more cautious.
There are two things I’ll be watching next:
① Will ETFs start seeing sustained net inflows again?
② As BTC rebounds, will spot buying keep pace?
🦌 Lumi
No trading calls—just what’s happening and what I’m watching.
What do you think BTC needs more right now: a price breakout or money flowing back in?
#BTC #Bitcoin #BitcoinETF