$ETH Risk-averse sentiment is prevailing in the crypto market: ETF outflows are already noticeably worsening the situation and are no longer providing a new source of demand.
1. Over the past 24 hours, the total crypto market capitalization has fallen by approximately 3%, and by more than 10% over the past week. Investor sentiment is in the “fear” zone.
2. Over five days, approximately 1.44 billion and 0.52 billion were withdrawn from Bitcoin and Ether ETFs, respectively. The outflows are intensifying selling pressure and weakening an important source of institutional demand.
3. In the near term, watch whether ETF flows stabilize, how macroeconomic indicators change, and whether pressure from liquidations and positions in the derivatives market eases.

$BTC