The big crash has dropped to $189.9 million, are you still bullish?
Good morning,
ETF flows yesterday were negative for the fourth time this week, with outflows of $189.9 million and a total weekly outflow of $580.6 million.
GBTC had outflows of $52.3 million, Fidelity $80.1 million, and Ark $49 million.
The price fell further from $67,000 to $65,000 and is currently at $66,000.
The brothers at Bloomberg said they expect the ETH ETF to launch on July 2, which also caused some reaction in the Bitcoin price.
It looks like#Bitcoinprices are falling as large ETFs start to sell off heavily this week
Donald Trump once again reiterated that he will "end Joe Biden's war on crypto and ensure that the future of crypto and the future of Bitcoin will be created by the United States."
Do you think the bull market is still there? Will it continue to fall next week? Last night, Bitcoin $BTC fell to 65,000, Ethereum $ETH was okay, it fell to 3360 and immediately rebounded to 3550 now Dogecoin $DOGE was miserable, it fell all the way from 0.16, and fell below 0.155, 0.150, 0.145, 0.140, 0.135 prices respectively, and fell to 0.131 last night. Will it continue to fall?
Yesterday's ETF flow was negative for the fourth time this week, with an outflow of US$189.9 million and a total outflow of US$580.6 million for the week.
GBTC had outflows of $52.3 million, Fidelity $80.1 million, and Ark $49 million.
The US stock market is rising rapidly, why is the cryptocurrency market falling rapidly? What is the negative news?
The US stock market has been breaking new highs on a daily basis, while the cryptocurrency market has been falling. Do you know the reason? Is the bull market gone? Is it a complete bear market?
$BTC $BNB $DOGE Although I know the market will fall today, the rebound did not reach the expected height, and I did not receive the short order, which is uncomfortable. I knew it would fall, but I did not expect it to fall so much
How long do you think it will fall, how many days, when will BTC stop falling? Or is the bull market completely over, cold, the next bull market will be next year?
This week is still a negative decline. Do you think the bull market is still there?
According to Coinglass data on June 11, the entire network had a liquidation of $125 million in the past 24 hours, of which long orders were liquidated for $105 million and short orders were liquidated for $20.4552 million.
Yesterday, I saw many people still opening long orders. I don’t know if they are still there now, and whether they have stop-profit and stop-loss orders. Cut meat with a blunt knife, drop five points every day, and it will rebound when everyone is quiet. If you can’t beat it, join it. In the past few days, I have been shorting it when it rebounded. Follow the trend.
On June 11, according to Farside data, the US spot Bitcoin ETF had a net outflow of $64.9 million yesterday. Among them, IBIT had a net inflow of $6.3 million, GBTC had a net outflow of $39.5 million, and BTCO (Invesco Galaxy Bitcoin ETF) had a net outflow of $20.5 million.
The panic greed index is not 74. Greed. The long-short ratio is 69% bullish
This week, the market is obviously falling continuously. Why are there so many people who are still singing bullish without thinking?
$BTC Both Bitcoin and Ethereum#ETF $ETH are falling, $BNB and will soon fall back to 600. If you bought 700U spot for mining in the past two days, you must have lost everything, right? Why are there still so many people singing bullish in the square? Aren't you afraid of liquidation if so many people open long positions?
Some people say that this week's trend is a big drop, and the mainstream trend is down.
Bitcoin will continue to fall and will not break through 70,000. It may fall to 60,000 until those who got on board earlier sell their stocks. Dogecoin doge$DOGE will continue to fluctuate and fall from 0.149 to 0.12 or even 0.10 this week What do you think? Is the bull market still there?
On April 27, according to Farside Investors data, Grayscale GBTC had a net outflow of US$82.4 million yesterday, Fidelity FBTC had a net outflow of US$2.8 million, and Bitwise's BITB had a net outflow of US$3.8 million yesterday. Currently, BlackRock's IBIT and Valkyrie's BRRR data have not been released yet, and the overall net outflow is temporarily reported at US$83.6 million.
On April 27, according to Coinglass data, the entire network had a liquidation of US$157 million in the past 24 hours, of which long positions had a liquidation of US$130 million and short positions had a liquidation of US$27.7 million.
On April 27, according to Farside Investors data, BlackRock IBIT recorded zero net inflow/outflow again yesterday, which has occurred for three consecutive days. Grayscale GBTC had a net outflow of $82.4 million yesterday, Fidelity FBTC had a net outflow of $2.8 million, and Bitwise's BITB had a net outflow of $3.8 million yesterday, with an overall net outflow of $83.6 million.
On April 26, according to Greeks.live data, 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a nominal value of $6.2 billion.
990,000 ETH options are about to expire, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a nominal value of $3.1 billion.
This week, the trading volume of the crypto market has dropped significantly, with Bitcoin and Ethereum fluctuating at low levels. The weakness of the market has led to a sharp drop in IVs of major maturities. Since the halving, Dvol has dropped by as much as 15%. The halving has failed to bring volatility, resulting in accelerated selling by a large number of option sellers.
Recently, ETF funds have been outflowing, and market sentiment is relatively low. Last week, it was mentioned that the whales lack confidence in the future market. At present, this trend has not changed, and BTC faces great resistance to return to its historical high.
On April 26, according to Farside Investors data, the net outflow of US spot Bitcoin ETFs yesterday was $217.6 million, including:
· BlackRock IBIT net inflow/outflow was 0 · Fidelity FBTC net outflow of $22.6 million · ARK's ARKB net outflow of $31.3 million · Franklin Templeton's EZBC net inflow of $1.9 million · Valkyrie's BRRR net outflow of $20.2 million · Grayscale GBTC net outflow of $139 million
On April 26, according to HODL15Capital data, yesterday's US spot Bitcoin spot ETF had a net outflow of $197 million, achieving two consecutive days of net outflow. Among them, GBTC had a net outflow of $140 million; IBIT's inflow was 0 again; Fidelity's FBTC had an outflow for the first time, with an amount of $23 million. Because the net outflow was greater than the net inflow, did the market fall?
On April 25, according to Lookonchain, Grayscale reduced its holdings by 1,019 BTC (-64.67 million USD) and currently holds 302,664 BTC (19.2 billion USD). Blackrock did not add any BTC and still holds 274,462 BTC (17.4 billion USD). 9 ETFs (including Grayscale) reduced their holdings by 1,104 BTC (-70.1 million USD). Is this the reason for the drop today? What do you think?
On April 25, according to Farside Investors data, the inflow amount of BlackRock IBIT yesterday was 0, ending 71 consecutive days of net inflow. Earlier reports, Bloomberg ETF analyst Eric Balchunas wrote that "the inflow duration of BlackRock's spot Bitcoin ETF IBIT has reached 71 days, officially entering the top ten in history.