When the tide goes out, you can tell who has been swimming naked - and this time, it's the wallets of the institutions!

Just yesterday, the U.S. Bitcoin spot ETF market recorded a net outflow of $23.2 million, marking the sixth consecutive trading day of capital outflow.

Among the most shocking was the market leader BlackRock's IBIT, which saw a net outflow of as much as $198.8 million in one day, while Ark Invest's ARKB went against the trend, attracting $65.74 million, and Fidelity's FBTC saw inflows of $50.88 million.

Analysis by Long Ge: Why is this money fleeing so frightening?

BlackRock is the 'big boss' of the crypto world! When it launched its Bitcoin ETF last year, the entire network cheered, 'The era of institutions has arrived.' Now, however, they are leading the withdrawal of funds, just like the main host at a banquet suddenly saying, 'I’m full,' can the others not panic?

It's not just retail investors fleeing! A look at the data reveals that 70% of the money comes from pension funds and hedge funds, these 'old hands.' They don't make decisions on a whim; this operation clearly signals: 'We think $115,000 for Bitcoin is too expensive!'

The derivatives market has already panicked! Yesterday, the entire network saw liquidations of $320 million, with 80% being bullish traders getting cut off. But strangely, the stablecoin USDT actually saw a premium of 1.5%, indicating that Asian wealthy individuals are seizing the opportunity to buy the dip - these savvy players are playing a game of 'you throw, I pick up.'

Long Ge’s opinion:

First, don’t panic; institutional capital outflow does not mean the bull market is over. This is likely just a short-term adjustment. After large institutions take their profits, they will buy back when prices drop.

Look at your positions; if you are holding spot and plan to hold long, there’s really nothing to fear. If you are trading contracts, you need to be cautious, as such volatility can easily wipe you out.

My suggestion is: hold your spot positions steady, and reduce your contract positions. Now is not the time to be aggressive; it’s not too late to act once the direction is clear. #ETH创历史新高

If you are still stuck in a position, don’t worry, the opportunity is near; pay attention to Long Ge to catch the next wave of opportunity.