Supplementing the #Bitcoin ETF data for this Thursday and Friday, institutional funds still show a significant net outflow!
#BTC ETF had a net inflow of 0.0051 billion on Thursday, with IBIT being the main net inflow source, amounting to 0.0168 billion, while BTCO and BTC mini continued to experience net outflows.
On Friday, funds shifted to a net outflow of 0.0824 billion, with IBIT net outflowing 0.0718 billion, FBTC net outflowing 0.0106 billion, making IBIT the main channel for net fund outflow on Friday.
Overall, looking at this week's data, the total funds are net outflowing, with a total net outflow of 0.2284 billion. Across the five trading days this week, only two days had net inflows, three days had net outflows, and the scale of net inflows was relatively weak while net outflows were amplified.
Most importantly, IBIT, as the main ETF fund channel and a long-standing strong confidence presence, showed a significant net outflow this week, indicating that institutional investors currently lack confidence.
Crypto market data: compared to Thursday this week
Focus mainly on fund flows; the total crypto market funds decreased by 0.8 billion, with USDT net outflowing 0.395 billion and USDC net outflowing 0.301 billion, both showing large net outflows. The crypto market fund movement is also not optimistic.
Combining ETF and crypto funds, it is clear that it is still not possible to confirm a return to a bullish trend, and caution is needed regarding correction risks! #Institutional funds continue to flow out, can BTC stabilize?
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