Capital flows remain bearish—don’t mistake a short-term rebound for a reversal!!!

$BTC saw a net outflow of $832 million over the past 24 hours and $5.777 billion over the past 30 days. There has been some short-term inflow, but outflows have persisted over the medium to long term, and there are no clear signs of a reversal yet.

ETH is weaker, with a net outflow of $626 million over the past 24 hours and $6.097 billion over the past 30 days. $SOL recorded a net outflow of $1.823 billion over the past 30 days, while $ZEC is also seeing net outflows.

The outlook is straightforward: bearish-leaning in the short term, bearish in the medium term, and no broad reversal in sight for now.

BTC has seen some short-term inflows and may rebound, but whether that move can last remains to be seen. Capital flows for ETH are weaker, leaving the bulls with little support. SOL and ZEC have also not escaped the pressure from outflows.

As for trading, I’d watch for short opportunities on a rebound rather than chasing longs outright. I’d only consider switching to a bullish outlook if inflows persist and prices strengthen in tandem.

A brief inflow may signal a rebound; only sustained inflows give us grounds to talk about a reversal.

#美国9月PPI年率升至6.3%