The Bitcoin ETF has seen a net outflow for four consecutive trading days, totaling as much as 1.3 billion. This kind of sustained outflow is relatively rare recently, signaling that institutions are frantically hedging. Yesterday's outflow was mainly influenced by the hawkish and bearish remarks from the former president, with all three major U.S. stock indices declining: the Dow Jones fell by 0.14%, the Nasdaq by 0.65%, and the S&P 500 by 0.49%.

Today, there are still no significant economic data releases, and this week, only tomorrow has two points worth paying a bit of attention to. The hourly chart has already formed a bearish arrangement, and the EMA52 has been repeatedly bombarded. The daily K-line is currently testing the EMA52 again, which is around the 112,000 level. The more it is bombarded, the less effective it will be, and it could be at risk of a sharp drop at any time. Overall, the recent outlook is still for a volatile downward trend and high short setups. Watch the 4-hour EMA52: the 115,000-115,500 range. If it reaches this range, one can position for a left-side short. This range is also a densely packed area of sell orders on the heat map, with a defense level at 117,000 and a target of 116,000.$BTC