Bottom line: On October 12, ETFs tied to BTC, ETH, SOL, and HYPE saw combined outflows of $153.8 million. Funds are flowing out, but sentiment hasn’t cooled in tandem.
BTC saw $65.4 million in outflows and ETH $85.4 million, together accounting for 97% of the total. Major assets are under the most pressure. SOL and HYPE saw outflows of $700,000 and $2.3 million, respectively—much smaller amounts, but all four were in the red.
The Fear & Greed Index stands at 57, still in the “Greed” zone. Continued outflows and persistently elevated sentiment are happening at the same time. Don’t chase prices higher based on sentiment alone; keep an eye on whether outflows narrow going forward.
$BTC $ETH
Capital outflows haven't stopped yet. Will you wait for sentiment to cool down first, or continue to be bullish?
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