On Monday, #Bitcoin saw a return of capital outflows, with net outflows coming from a single channel, indicating a pessimistic start to the week's capital flow!
Monday's ETF data is very straightforward: a single-day net outflow of 65.4 million, mainly from the IBIT single channel.
Although this data reflects poor market capital sentiment, it does not yet indicate a full-scale capital withdrawal, so it is not the worst-case scenario.
Combining Monday's data with #BTC market performance, the net outflow of about 60 million on Monday accompanied by a market decline, followed by a price rebound on Tuesday, suggests that Tuesday's ETF will most likely show weakened net outflows or even a slight net inflow, but the inflow will not exceed 100 million, still considered a weak rebound.
If Tuesday's ETF data shows inflows weaker than 50 million or still a small net outflow, it means market sentiment is more pessimistic than expected, and there is a need to be cautious of continued correction risks.
Looking at crypto market data, focusing directly on capital flows, the total bad news net outflow is 900 million, with amplified crypto capital outflows. Among the good news, mainstream capital USDT only has a net outflow of 27 million, USDC a net outflow of 284 million, indicating that net outflows are not from mainstream capital.
Combined with the market, the current price is clearly oscillating between the 4-hour MA120 and MA200 levels. Although no clear short-term trend choice has been made, from capital flows and market rebounds, market confidence remains insufficient.
#BTC and ETH spot ETFs are flowing out simultaneously; has institutional demand weakened?
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