The market feels “sluggish” today: $BTC is hovering around $73,700, barely moving in 24 hours, but down about 8.3% over the week. The reasons are straightforward—the U.S. inflation data came in hotter than expected, and the market has started betting on a Fed rate hike in December. U.S. spot Bitcoin ETFs also saw $95 million in net outflows on Tuesday, marking four consecutive days of outflows.
My take: Outflows are much smaller than last week’s $430 million, suggesting selling pressure is easing, but it’s not a reversal yet. In the short term, watch support at $73,100–$73,300. If it fails to hold, the next level is $71,800–$72,000. A sustained move above $75,000 would be needed to signal a stronger trend.
In a choppy market like this, managing your position size matters more than guessing the direction. What do you think?
#比特币 #ETF fund flows
For reference only; this is not investment advice.
My take: Outflows are much smaller than last week’s $430 million, suggesting selling pressure is easing, but it’s not a reversal yet. In the short term, watch support at $73,100–$73,300. If it fails to hold, the next level is $71,800–$72,000. A sustained move above $75,000 would be needed to signal a stronger trend.
In a choppy market like this, managing your position size matters more than guessing the direction. What do you think?
#比特币 #ETF fund flows
For reference only; this is not investment advice.