KZG Crypto
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The US BTC spot ETF saw a net inflow of 226.7 million dollars yesterday, ending three days of net outflow. BlackRock IBIT entered 32.5 million, Fidelity FBTC exceeded 100 million.
The bleeding has finally stopped, BTC rebounded from a low, but whales are moving. Galaxy transferred 3,420 BTC to CEX, worth 395 million dollars, which may signal selling pressure.
I believe this wave of inflow is institutions bottom-fishing. Combined with ETH ETF also aggressively attracting 230 million, the sentiment in the crypto market is warming up, but there were liquidations of 673 million, mainly in long positions, so caution is advised.
Next, pay attention to the liquidation intensity. If BTC breaks 116,000, long position liquidations could reach 1 billion dollars. It is recommended to hold light positions and wait for stability.
The bleeding has finally stopped, BTC rebounded from a low, but whales are moving. Galaxy transferred 3,420 BTC to CEX, worth 395 million dollars, which may signal selling pressure.
I believe this wave of inflow is institutions bottom-fishing. Combined with ETH ETF also aggressively attracting 230 million, the sentiment in the crypto market is warming up, but there were liquidations of 673 million, mainly in long positions, so caution is advised.
Next, pay attention to the liquidation intensity. If BTC breaks 116,000, long position liquidations could reach 1 billion dollars. It is recommended to hold light positions and wait for stability.
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