资金流出

💸 Over the past three weeks, Bitcoin ETF has seen outflows exceeding $3.6 billion, with BTC dropping below $83,000! 📉

In the past three weeks, the U.S. spot Bitcoin ETF market has experienced large-scale capital outflows totaling over $3.6 billion! In the 12 trading days since February 10, there was only one day with an inflow of $66.2 million, while the rest of the time saw frantic withdrawals.

On February 25, the Bitcoin spot ETF market recorded the largest single-day outflow in history, with outflows reaching $1.138 billion! Among them, Fidelity's FBTC topped the list with an outflow of $344.7 million, followed closely by BlackRock's IBIT with $164.4 million.

In comparison, Grayscale's Bitcoin Trust ETF BTC also saw an outflow of $85.8 million on the same day. In contrast, VanEck's HODL had the lowest outflow of only $10 million.

Even more astonishing is that IBIT set a new single-day outflow record of $418 million on February 26, breaking the previous record of maximum outflow from January 2. Ark Invest's ARKB and CoinShares Valkyrie's BRRR also saw outflows of $126 million and $100 million, respectively.

As the ETF outflows intensified, the market price of Bitcoin was also impacted, falling below $83,000 for the first time in over three months. Although BTC slightly rebounded from an intraday drop of over 8% this week, as of the time of writing, the price still hovers around $82,500.

In summary, these outflows reflect investors' uncertainty about the current market, especially in light of significant negative volatility in Bitcoin prices. Whether the market can regain confidence in the coming weeks will determine if Bitcoin continues to decline or experiences a rebound.

💬 What do you think? Are the outflows from Bitcoin ETFs a signal of market adjustment, or a new opportunity for long-term value investment? Would you choose to buy the dip or continue to wait and see? Leave your thoughts in the comments!

#比特币ETF #资金流出 #BTC #加密货币 #市场分析

💸 Bitcoin and Ethereum ETF funds continue to flow out, where will the market go next?

In recent weeks, the cryptocurrency market has been somewhat "chilly", especially with the significant outflow of funds related to Bitcoin and Ethereum ETF investment derivatives. Why has the market encountered such a severe setback, and what exactly has happened behind the scenes?

According to a report from CoinShares, last week alone, over $1.2 billion flowed out of Bitcoin and Ethereum ETFs globally, and when combined with other digital asset products, the total outflow reached $1.7 billion. Over the past five weeks, the total outflow has exceeded $6.4 billion!

The U.S. Bitcoin spot ETF market is particularly hard hit, with an outflow of $978 million last week. BlackRock's IBIT and Fidelity's FBTC are the "fastest runners", with outflows of $401 million and $317 million, respectively. Although these funds occasionally see inflows, they are completely outpaced by the outflow rate. According to CoinGlass data, among the five trading days last week, there was inflow only on one day, while the rest were experiencing "blood loss".

The situation for Ethereum ETFs is also not optimistic. Since March 5, funds have been flowing out, with an outflow of $178 million last week. BlackRock's ETHA and Fidelity's FETH are the "leaders", achieving outflows of $63 million and $61 million, respectively, in a single week. Although there were two days of inflows for Ethereum ETFs last week, the amount of each inflow was less than $1.5 million, which completely fails to offset the outflow pressure.

However, the outflow of funds has also contributed to the continued slump in the prices of Bitcoin and Ethereum. Bitcoin is currently struggling to approach the 200-day moving average (around $84,200), while Ethereum is hovering around $1,900.

Additionally, a report from CoinShares pointed out that the combination of fund outflows and price declines has led to a reduction of $48 billion in total assets under management for crypto investment products.

In summary, the continuous outflow of funds and price declines over the past few weeks have plunged the cryptocurrency market into a slump. Although there are occasional "sparks" of inflow, the overall trend remains pessimistic.

Why is the market like this, and when will it warm up? Do you think this is a temporary market adjustment, or a precursor to a larger storm? Leave your thoughts in the comments for discussion!

#比特币ETF #以太坊ETF #资金流出 #市场趋势

🎅 Bitcoin ETF suffered capital outflows at the end of the year, but its overall performance this year is still impressive

The performance of the Bitcoin ETF was a bit disappointing during Christmas week, recording its worst weekly decline since mid-September.

Since the Federal Reserve cut interest rates by 25 basis points and Powell's hawkish remarks in the early morning of December 19, the price of Bitcoin spot market has been falling. However, don't be too pessimistic. Analysts say that the overall performance of ETFs this year is the best in history.

Last week, the BTC ETF reached nearly $388 million in net outflows throughout the week. Among them, Fidelity's FBTC and BlackRock's IBIT became the biggest losers, with outflows of US$183 million and US$21.11 million respectively. Grayscale’s FBTC and ARK 21Shares’ ARKB experienced single-week net outflows of US$58.87 million and US$16.42 million respectively.

Despite significant outflows in the past two weeks, total net assets of Bitcoin ETFs have soared to $106.24 billion, according to SoSoValue.

Bloomberg analyst Eric Balchunas said that the total net assets of spot Bitcoin ETFs are close to the US$128 billion of gold ETFs. He also emphasized that the BTC ETF is a "disruptor" for traditional investors and predicted that their gold ETF will grow 3 times.

On the other side, Matthew Bartolini of State Street Global said that the global ETF industry is experiencing its best year ever. The launch of new ETFs, notably the Spot Bitcoin ETF in January, has added more than $50 billion in assets to the iShares Bitcoin Trust ETF (IBIT) since its launch on January 5, 2024.

Despite several downturns this year, the spot BTC ETF has completely exceeded expectations this year. According to data from Farside Invest, positive net flows to spot Bitcoin ETFs this year reached $35.24 billion, exceeding all expectations.

In general, the performance of Bitcoin ETF during the Christmas week may be just a short-term fluctuation. In the long run, its development prospects are still worth looking forward to. As the market continues to change and innovate, we have reason to believe that Bitcoin ETFs will continue to play an important role in the future, providing investors with more choices and opportunities.

#比特币ETF #资金流出 #ETF表现 #加密货币投资 #市场分析

🕵️Last week's inflow of funds into Bitcoin exchanges reached an astonishing $1 billion. Does this signal an impending market storm?

At the beginning of this week, Bitcoin continued to fluctuate between $98,600 and $95,000, as it did last week. During this volatility, data shows that Bitcoin traders' sentiment is leaning negative, which may exacerbate the downward price trend.

On-chain analysis platform IntoTheBlock shared data on X showing that last week, $1.04 billion flowed into cryptocurrency exchanges, offsetting the outflows of the previous three weeks. This phenomenon indicates a hesitancy in the market due to global political and economic uncertainties.

Even more concerning is that Bitcoin network transaction fees dramatically decreased by 10.74% compared to the previous week. A decline in transaction fees is typically seen as a bearish signal, as rising transaction fees usually indicate increasing demand and market activity, while a decline suggests waning interest and weakening price momentum.

According to Soso Value data, the net outflow of funds from U.S. spot Bitcoin ETFs reached $651.83 million last week. This is the largest single-week outflow these spot Bitcoin ETFs have faced since the first week of September 2024.

Meanwhile, the inflow of funds into Bitcoin exchanges has surged. This phenomenon suggests that while the ETF market is experiencing fund withdrawals, some of the outflow may have shifted to exchanges.

The inflow of Bitcoin into exchanges typically provides a bearish signal for Bitcoin, as it creates selling pressure on the exchanges.

In summary, the analysis suggests that some institutional investors have been selling Bitcoin, either to take profits or as a precautionary measure in response to the uncertainty following the price crash in early February.

Additionally, crypto analyst Ali Martinez claims there is a demand barrier of 1.43 million coins between $94,660 and $97,540, and a supply barrier of 1.16 million coins between $97,650 and $99,470. A breakout above either barrier could signal a significant market shift, with an upward breakout potentially pushing it back above $100,000, while a drop below support could trigger a deeper correction.

💬 The movements in the Bitcoin market have sparked heated discussions. Do you think this is a signal of the end of the bull market? Or is it just a temporary adjustment? Share your insights in the comments and let's discuss together!

#比特币市场动态 #比特币ETF #资金流出 #市场分析

🕵 The U.S. Bitcoin ETF market experienced consecutive outflows for two days last week, putting market sentiment to the test!

According to data from Farside Investors, the Bitcoin spot ETF market lost $671.9 million on December 19, and the following day, the ETF market lost another $277 million.

Among them, asset management giant BlackRock's Bitcoin ETF (IBIT) saw an outflow of $72.7 million on December 20, marking the largest single-day outflow since its launch in January this year, seemingly ending the inflow momentum of its Bitcoin exchange-traded fund.

On December 19, another issuer, Fidelity's FBTC, also recorded a historic outflow of $208.5 million. Then on December 20, FBTC experienced an outflow of about $71.9 million, resulting in two consecutive days of outflows for the ETF.

This series of outflow events has raised concerns in the market about the prospects of the U.S. spot Bitcoin ETF. However, market observers believe that the outflow of funds may not continue, as Bitcoin has shown signs of rebound and is rising again after the earlier sharp decline.

Despite IBIT and FBTC being among the best-performing exchange-traded funds in the U.S., ranking within the top 25 in asset size just one month after their launch, the consecutive outflow phenomenon may indicate a shift in market sentiment.

Analysts noted that Bitcoin's market trading volume has dropped to $59.5 billion, a 52% decrease compared to last month, which starkly contrasts with the bullish trend in the cryptocurrency market following Trump's election victory.

Last Tuesday, Bitcoin reached a historic high of $108,000 per coin. Currently, Bitcoin is trading at $95,871 per coin, down 4.1% in the past 24 hours, with a total market capitalization of $1.89 trillion.

Analysts believe that the predicament faced by BlackRock and Fidelity should not come as a surprise to traders, as these two international asset management companies account for a significant share of inflows. Consequently, some investors are concerned that recent developments in ETFs may become a turning point, leading to a significant decline in institutional investors' interest in Bitcoin.

In summary, this week, the fund flows of Bitcoin spot ETFs and their potential impact on the spot market remain a focal point of close attention for investors and market analysts.

#比特币ETF #资金流出 #贝莱德IBIT #FidelityFBTC #加密货币市场