Brothers, the big players are coming! When will this dip come to an end?
Yesterday, there was quite a significant outflow of funds from the US spot Bitcoin ETF, with a net outflow of $812 million in a single day, reaching a new high since mid-May. This is not a small movement. Fidelity's FBTC and Ark's ARKB led the way out, each dumping over $300 million.
Institutions or large funds are pulling back. In the short term, this will certainly put pressure on market sentiment and prices, indicating that some 'hot money' is quickly exiting to avoid risks, with attitudes turning cautious or even pessimistic.
Although market volatility is normal, such a concentrated massive outflow in a single day indeed needs to be taken seriously, as it may signal a potential adjustment or a temporary cooling of risk appetite.
Brothers, smart money is running away, so we need to be a bit more cautious in the short term.
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