Bitcoin spot ETFs saw total net outflows of $412 million yesterday.
Large capital flows are commonly interpreted in three ways:
① Long term: investing on an annual basis, with little regard for daily price movements;
② Rebalancing: adjusting allocations, which does not necessarily indicate a bearish outlook;
③ Trading: short-term positioning that can come and go quickly.
There’s limited information this time, so for now, I’ll add it to the watchlist.
$BTC currently at 75,905, 24h +0.36%.

#BTC