Something big has happened! Is a black swan coming? Those who are long need to be careful!
Upon observation, yesterday, Bitcoin ETF saw a net outflow of $122 million, setting a new single-day outflow high since August 8th. The funds mainly flowed out from BlackRock's IBIT, with a net outflow of $68.7 million, and $65.7 million from ARKB. This concentrated outflow is not surprising given the context, as Bitcoin's price has recently retraced nearly 7% from its peak of $124,000, and the market saw over $860 million in long liquidations, leading to a notable downturn in short-term market sentiment.
I personally believe this is more a result of profit-taking and technical adjustments, rather than a signal of trend reversal. On one hand, last week, ETFs still saw a net inflow of $548 million, especially IBIT, which attracted nearly $900 million in a single week, indicating that institutional long-term positioning remains unchanged. On the other hand, the outflows are concentrated in high-fee products like ARKB, while low-fee BITB saw an inflow of $12.65 million, showing that large holders may be optimizing their holding costs rather than exiting the market.
However, what’s crucial now is to closely monitor the key support at $115,000. If it stabilizes and retraces, there may still be opportunities, but one must also be vigilant about geopolitical movements and black swans.
As for specific operational strategies, I will publicly share them next. If you want to know how to bottom fish mainstream cryptocurrencies or are unsure when to ambush altcoins, then you should definitely follow Brother Feng's lead!!!
