Outflows are still the cleanest pressure gauge after the hack. 💥
CaptainAltcoin, citing Reuters, reported that Binance customers withdrew about 4.72 billion dollars net after withdrawals resumed, about 3 percent of platform assets, with outflows beginning to stabilize, while United States spot Bitcoin ETFs recorded 643.3 million dollars in net outflows on 30 October, their largest daily withdrawal since June. 📊 My reading is that the direction of outflows matters more than any single day, because stabilizing withdrawals would mean the panic phase is cooling, while a fresh outflow wave would tell us fear is back, even if price looks calm for a few hours.
Are outflows stabilizing in your view, or do you expect another wave after Tuesday headlines? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoFlows
CaptainAltcoin, citing Reuters, reported that Binance customers withdrew about 4.72 billion dollars net after withdrawals resumed, about 3 percent of platform assets, with outflows beginning to stabilize, while United States spot Bitcoin ETFs recorded 643.3 million dollars in net outflows on 30 October, their largest daily withdrawal since June. 📊 My reading is that the direction of outflows matters more than any single day, because stabilizing withdrawals would mean the panic phase is cooling, while a fresh outflow wave would tell us fear is back, even if price looks calm for a few hours.
Are outflows stabilizing in your view, or do you expect another wave after Tuesday headlines? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoFlows
