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Meilin (美林 / 美琳)
US spot Bitcoin ETFs saw a net outflow of $1.28 billion last week, marking the largest weekly outflow since the end of June, with the cumulative fund flow for 2026 turning negative. Regulatory uncertainty after the midterm elections combined with a December rate hike probability rising above 79% is causing institutions to systematically reduce risk exposure.
$BTC: Around $74,300. It has fallen below the 200-day EMA (around 76,000), indicating a short-term bearish structure.

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