Retail investors are queuing at the door while institutions have already made their exit through ETFs. $BTC
On Monday, U.S. spot ETFs saw net outflows of $399 million in a single day—the second consecutive day of net outflows.
BlackRock alone saw $405 million flow out, its biggest single-day outflow since June.
Total net outflows across the market were only $399 million, yet BlackRock’s outflow was bigger than the total. That means others were net buyers by a small amount that day. The math makes it pretty clear who was selling.
The Binance doors opening wider and wider happened around noon today; the ETF outflows happened yesterday. With both hitting at once, prices spent the day chopping between $76,000 and $77,000.
Tonight, price is back around $77,300, so $77,000 has temporarily been reclaimed.
U.S. midterm elections are being held today, with results coming in from tomorrow. How long tonight’s candle can hold depends on what comes out of the vote.
I’m watching just one number: $76,000. If that level breaks, it’s a whole different story.
Not investment advice. Be aware of the risks.
On Monday, U.S. spot ETFs saw net outflows of $399 million in a single day—the second consecutive day of net outflows.
BlackRock alone saw $405 million flow out, its biggest single-day outflow since June.
Total net outflows across the market were only $399 million, yet BlackRock’s outflow was bigger than the total. That means others were net buyers by a small amount that day. The math makes it pretty clear who was selling.
The Binance doors opening wider and wider happened around noon today; the ETF outflows happened yesterday. With both hitting at once, prices spent the day chopping between $76,000 and $77,000.
Tonight, price is back around $77,300, so $77,000 has temporarily been reclaimed.
U.S. midterm elections are being held today, with results coming in from tomorrow. How long tonight’s candle can hold depends on what comes out of the vote.
I’m watching just one number: $76,000. If that level breaks, it’s a whole different story.
Not investment advice. Be aware of the risks.
