The continuous net outflow of funds from Bitcoin and Ethereum ETFs over the past few days indicates that short-term bulls are somewhat shaky, and funds are hesitating with an unclear direction. In this situation, making a hasty long position has a poor risk-reward ratio and low cost-effectiveness.
First, observe the inflow and outflow of ETFs for a few days before assessing the strength of the market. If BTC and ETH ETFs continue to see significant outflows tomorrow, the short-term trend is likely to remain weak. #加密股IPO季 #ETH巨鲸增持