$BTC fell to its lowest level since August. BlackRock’s IBIT has seen net outflows for 11 consecutive trading days, totaling $2.35 billion over two weeks.
The biggest institutional buyers have been steadily heading for the exits, and that worries me more than the liquidation figures. A rebound only counts once ETF flows turn positive; retail investors buying the dip alone can’t keep it going.
The biggest institutional buyers have been steadily heading for the exits, and that worries me more than the liquidation figures. A rebound only counts once ETF flows turn positive; retail investors buying the dip alone can’t keep it going.
