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taishiro
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The ETF flow reversal is worth paying attention to.
$2.648B in September inflows followed by $516M in October outflows tells us institutional demand has become less consistent.
But I wouldn't confuse short-term selling with a complete loss of confidence in Bitcoin. ETF flows can shift quickly as macro expectations, interest rate, uncertainty, and risk appetite change.
#FedHikeOutlookDivided
Web山大王
Institutional funds have been particularly unstable recently; they are optimistic today but may turn hostile tomorrow. Sometimes they rush in wildly, and other times they are eager to sell off, making ordinary people nervous as well.😮💨
In October, Bitcoin spot ETFs saw a net outflow of $516 million for the whole month, a stark contrast to the $2.648 billion net inflow in September. In September, everyone was enthusiastically rushing in, but October was volatile, ultimately turning the monthly ledger from positive to negative.
$BTC is fluctuating around $77,000. After breaking previous support, momentum has clearly weakened. There is still resistance above, and if the support below doesn't hold, it may test lower levels again.
$ETH has dropped to around $2,260, weakening alongside Bitcoin, with limited short-term rebound strength. Coupled with continuous large ETF outflows, exchange hacks, and overlapping macro interest rate hike expectations, the entire crypto market is under considerable pressure.
This fully illustrates that institutional funds are currently engaged in intense short-term speculation, and large capital's confidence in Bitcoin is beginning to waver.
Hopefully, in the last two months of the year, we will see the market everyone is looking forward to. Wishing everyone a happy weekend!
#美联储官员释放加息信号，12月预期仍存分歧
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