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链上研究笔记
单周抽走12.8亿美元，把今年到现在的净流入直接翻成大约9.14亿净流出。周五那天IBIT自己就走了4.03亿美元，几乎包圆当天88%的赎回；同一天FBTC反而净进4280万。
大家习惯把ETF当“机构还在买”的证明，这一周证明的是另一件事：最大的那只基金在撤，旁边那只还在接，资金不是铁板一块。现货比特币大约74899，价格已经把杠杆多头洗过一轮了，ETF这根管子却还在往外漏。
你觉得接下来更像“赎回见顶”，还是机构这根管子会继续漏过现货反弹？
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