Just checked the institutional flows and this one actually gave me pause. Seeing giant money step back makes me think we're in for a cold stretch.
Cointelegraph reported that BlackRock's ETF lost $405.3 million on Monday, which is its biggest outflow since June. Overall, US spot funds shed nearly $399 million to open the month.
It shows in the broader mood too. The Fear and Greed index sits at 34 in fear while the total value of all coins fell -1.21% to $2.63T. Even with $BTC holding a 59.3% share of everything, big players aren't pushing right now.
Do you think traditional investors are just locking in profits here, or are they seeing something troubling on the horizon?
NFA | DYOR #BinanceSquare #WriteToEarn #DeFi #Web3 #Crypto
Cointelegraph reported that BlackRock's ETF lost $405.3 million on Monday, which is its biggest outflow since June. Overall, US spot funds shed nearly $399 million to open the month.
It shows in the broader mood too. The Fear and Greed index sits at 34 in fear while the total value of all coins fell -1.21% to $2.63T. Even with $BTC holding a 59.3% share of everything, big players aren't pushing right now.
Do you think traditional investors are just locking in profits here, or are they seeing something troubling on the horizon?
NFA | DYOR #BinanceSquare #WriteToEarn #DeFi #Web3 #Crypto