Bros!! US stocks bounced hard on Monday, but the institutional money is flowing right back out!!!
Data updated today by Farside Investors: US spot Bitcoin ETFs saw net outflows of around $201 million on Monday, November 9—making it the third trading day in a row with outflows. BlackRock’s IBIT alone saw about $213.2 million leave, while ARK’s ARKB saw around $9.9 million in outflows. Of the 12 funds, pretty much the only one seeing inflows was Morgan Stanley’s MSBT, with around $22.1 million coming in, haha.
Don’t forget, last week (November 2–6) already saw net outflows of around $1.28 billion—the worst week since late June. The Nasdaq bounced back on Monday, but institutions are still redeeming. They clearly don’t care about the rally!!!
CoinDesk (November 10) also noted analysts saying that even if October CPI comes in soft tonight, it might only trigger a brief spike. For a sustained recovery, we’ll need to see spot ETFs return to net inflows and actual buying in the market. BRN put it even more plainly: Bitcoin needs real buyers, not a lucky break in one data release. If the numbers come in hot, expectations for a December rate hike could rise again.
Honestly, don’t treat “CPI comes out tonight and we take off” as a signal to go all in!!! Reduce your leverage before the data comes out.
I just checked CoinGecko: BTC is around $74,700 (almost flat over 24h), ETH around $2,122, BNB around $690, and SOL around $86. The Fear & Greed Index is at 32, still in fear territory. October CPI will be released by the US Bureau of Labor Statistics tonight at 9:30 p.m. Shanghai time.
What do you think we should focus on more tonight—the CPI numbers, or whether institutions keep pulling money out?
$BTC $ETH
#ETF #Crypto
Data updated today by Farside Investors: US spot Bitcoin ETFs saw net outflows of around $201 million on Monday, November 9—making it the third trading day in a row with outflows. BlackRock’s IBIT alone saw about $213.2 million leave, while ARK’s ARKB saw around $9.9 million in outflows. Of the 12 funds, pretty much the only one seeing inflows was Morgan Stanley’s MSBT, with around $22.1 million coming in, haha.
Don’t forget, last week (November 2–6) already saw net outflows of around $1.28 billion—the worst week since late June. The Nasdaq bounced back on Monday, but institutions are still redeeming. They clearly don’t care about the rally!!!
CoinDesk (November 10) also noted analysts saying that even if October CPI comes in soft tonight, it might only trigger a brief spike. For a sustained recovery, we’ll need to see spot ETFs return to net inflows and actual buying in the market. BRN put it even more plainly: Bitcoin needs real buyers, not a lucky break in one data release. If the numbers come in hot, expectations for a December rate hike could rise again.
Honestly, don’t treat “CPI comes out tonight and we take off” as a signal to go all in!!! Reduce your leverage before the data comes out.
I just checked CoinGecko: BTC is around $74,700 (almost flat over 24h), ETH around $2,122, BNB around $690, and SOL around $86. The Fear & Greed Index is at 32, still in fear territory. October CPI will be released by the US Bureau of Labor Statistics tonight at 9:30 p.m. Shanghai time.
What do you think we should focus on more tonight—the CPI numbers, or whether institutions keep pulling money out?
$BTC $ETH
#ETF #Crypto