🚨 BITCOIN IS FALLING, BUT THERE’S A MUCH MORE CONCERNING FIGURE.
Bitcoin ETFs recorded net outflows of $430 MILLION in a single day.
And between Monday and Thursday, the figure had already reached nearly $870 million.
While many traders are looking for the next bounce, the money flowing in and out of ETFs tells a different story.
And keep in mind, this doesn’t necessarily mean BTC will continue to fall.
But if we want a solid recovery, we need to see real buyers, not just shorts being liquidated.
I’d be paying more attention to capital flows than to any technical indicator.
$BTC #bitcoin
Bitcoin ETFs recorded net outflows of $430 MILLION in a single day.
And between Monday and Thursday, the figure had already reached nearly $870 million.
While many traders are looking for the next bounce, the money flowing in and out of ETFs tells a different story.
And keep in mind, this doesn’t necessarily mean BTC will continue to fall.
But if we want a solid recovery, we need to see real buyers, not just shorts being liquidated.
I’d be paying more attention to capital flows than to any technical indicator.
$BTC #bitcoin