Bitcoin reaches high but "bleeding out"? Funds are quietly leaving!!!
Although Bitcoin is still holding around $95,000, the capital flow has turned red. On April 30, the overall net outflow of spot ETFs was $56.23 million, with ARKB and FBTC seeing outflows of over $130 million each, indicating institutional funds are retreating. The only bright spot is BlackRock's IBIT, which saw an inflow of $267 million, suggesting this is not a wholesale bearish sentiment, but rather funds are "selectively seeking safety."
From a technical perspective, the BTC RSI is approaching the overbought zone, while trading volume is declining, indicating that this upward surge is facing exhaustion of momentum. If capital inflows do not pick up, prices may enter a high-level consolidation or even face a short-term correction.
However, the long-term outlook remains solid, as the 50-day and 200-day moving averages are about to form a golden cross, indicating that the bull market foundation is still intact. This means: this adjustment is not the end, but possibly a period of consolidation before the next round of explosive growth.
In the short term, do not chase highs; continue to position for the long term, especially by observing what "smart money" like BlackRock is doing, which may be more telling than the charts.
