BTC fell below $70,000! The crypto market remained under pressure over the past week.
▪️ U.S. spot BTC ETFs saw net outflows of approximately $1.282 billion for the week, while ETH ETFs saw net outflows of approximately $365 million, totaling more than $1.6 billion
▪️ Security risks at exchanges are intensifying, fueling growing concerns about asset safety
▪️ Some on-chain whales bought ETH during the dip, diverging from ETF outflows
Overall picture: institutions are reducing holdings, whales are divided, and leveraged positions are being flushed out. The market’s true turning-point signal may first appear in fund flows.
#BTC #ETH #ETF
▪️ U.S. spot BTC ETFs saw net outflows of approximately $1.282 billion for the week, while ETH ETFs saw net outflows of approximately $365 million, totaling more than $1.6 billion
▪️ Security risks at exchanges are intensifying, fueling growing concerns about asset safety
▪️ Some on-chain whales bought ETH during the dip, diverging from ETF outflows
Overall picture: institutions are reducing holdings, whales are divided, and leveraged positions are being flushed out. The market’s true turning-point signal may first appear in fund flows.
#BTC #ETH #ETF