#Bitcoin returned to net outflows on Monday, with outflows concentrated in a single channel. The initial fund flows this week are not looking optimistic!
Monday’s ETF data was straightforward: net outflows of $65.4 million for the day, with most of the outflows coming from IBIT alone.
While this data points to poor market sentiment, it doesn’t yet indicate a full-scale retreat of capital, so it’s not the worst-case scenario.
Looking at Monday’s data alongside #BTC’s price action, net outflows of around $60 million on Monday coincided with a price drop. With prices rebounding on Tuesday, ETF outflows are likely to ease or even turn into a small inflow. However, any inflow is unlikely to exceed $100 million, which would still be considered a weak rebound.
If Tuesday’s ETF data, due out tomorrow, shows inflows of less than $50 million—or another small net outflow—it would mean market sentiment is more pessimistic than expected, and we should be alert to the risk of further pullbacks.
For crypto market data, focus directly on fund flows. The bad news: total net outflows reached $900 million, and crypto outflows have increased. The good news: among the outflows, the major stablecoin USDT saw net outflows of just $27 million, while USDC saw net outflows of $284 million. The outflows did not come from the major funds.
Looking at the price action, the current price is clearly trading within the 4-hour MA120–MA200 range. The short-term trend has yet to choose a direction, but based on fund flows and the market rebound, confidence remains weak. Let’s see whether tomorrow night’s CPI release can give prices a clear short-term direction.
If CPI comes in as expected—or even favorably—and the market still can’t make an effective rebound, break above MA120 (84,000), and hold there, it would mean $BTC is not attracting capital in the current tight financial-liquidity environment. I’m still expecting a pullback!#比特币突破8.4万美元
Monday’s ETF data was straightforward: net outflows of $65.4 million for the day, with most of the outflows coming from IBIT alone.
While this data points to poor market sentiment, it doesn’t yet indicate a full-scale retreat of capital, so it’s not the worst-case scenario.
Looking at Monday’s data alongside #BTC’s price action, net outflows of around $60 million on Monday coincided with a price drop. With prices rebounding on Tuesday, ETF outflows are likely to ease or even turn into a small inflow. However, any inflow is unlikely to exceed $100 million, which would still be considered a weak rebound.
If Tuesday’s ETF data, due out tomorrow, shows inflows of less than $50 million—or another small net outflow—it would mean market sentiment is more pessimistic than expected, and we should be alert to the risk of further pullbacks.
For crypto market data, focus directly on fund flows. The bad news: total net outflows reached $900 million, and crypto outflows have increased. The good news: among the outflows, the major stablecoin USDT saw net outflows of just $27 million, while USDC saw net outflows of $284 million. The outflows did not come from the major funds.
Looking at the price action, the current price is clearly trading within the 4-hour MA120–MA200 range. The short-term trend has yet to choose a direction, but based on fund flows and the market rebound, confidence remains weak. Let’s see whether tomorrow night’s CPI release can give prices a clear short-term direction.
If CPI comes in as expected—or even favorably—and the market still can’t make an effective rebound, break above MA120 (84,000), and hold there, it would mean $BTC is not attracting capital in the current tight financial-liquidity environment. I’m still expecting a pullback!#比特币突破8.4万美元