$BTC just rode a roller coaster! After falling sharply below $76,000, it bounced back slightly. But don’t celebrate just yet—the big money is sending a different signal.
ETF data looks awful: $430.2 million in net outflows from spot Bitcoin funds in just one day! Giants like $FBTC and $IBIT led the sell-off. Nearly $870 million has left over the course of the week. Is smart money heading for the exits?
The cause isn’t just crypto. The Nasdaq and S&P 500 also took a beating, suffering their biggest drops of the year. Concerns that new policies could curb investment in AI and tech infrastructure are putting pressure on the entire risk market.
Clearly, investors’ risk appetite remains extremely fragile. Although $BTC has tried to recover, selling pressure from ETFs and traditional markets is a major warning sign.
Do you think $BTC can hold steady, or is this just a dead-cat bounce?
#Crypto #Bitcoin
$BTC
ETF data looks awful: $430.2 million in net outflows from spot Bitcoin funds in just one day! Giants like $FBTC and $IBIT led the sell-off. Nearly $870 million has left over the course of the week. Is smart money heading for the exits?
The cause isn’t just crypto. The Nasdaq and S&P 500 also took a beating, suffering their biggest drops of the year. Concerns that new policies could curb investment in AI and tech infrastructure are putting pressure on the entire risk market.
Clearly, investors’ risk appetite remains extremely fragile. Although $BTC has tried to recover, selling pressure from ETFs and traditional markets is a major warning sign.
Do you think $BTC can hold steady, or is this just a dead-cat bounce?
#Crypto #Bitcoin
$BTC