$240 million dollars in a single day! 🤯 After six consecutive days of capital outflow from Bitcoin ETFs in the U.S., fresh money has finally come in! That's the bombshell news you need to understand in depth. This is not just any little thing; this reversal in ETF flow is the first sign that the heavyweights (the institutions) might be regaining faith after that hard fall of Bitcoin. It's as if the ship is making a 180-degree turn, and that, my people, always brings hope to the market.

💰 The Broken Streak and the Capital Injection

Look, the Bitcoin Spot ETF in the U.S. (which is the instrument that allows large companies to invest directly in BTC) has been struggling. In just six sessions, nearly $2,040 million had vanished. An outrageous amount! 😱 That’s why, when on Thursday (November 6) there was an inflow of nearly $240 million, optimism soared. Not only for Bitcoin, but even the Ethereum ETF had its first inflow in days. This tells us: "Watch out, institutions are buying again." The ones that put the most money in were giants like BlackRock (IBIT), which injected $112.4 million, followed by Fidelity and Ark Invest. For many, this was BlackRock seeing the price drop of BTC and saying: "Buying opportunity!" 🤑

📉 The Mystery: Money Enters, Price Falls

Here comes what blows your mind: Despite that capital injection in ETFs, the price of Bitcoin continued to fall, dropping below $102,000. But why if whales are buying? 🤔 The answer lies in the selling pressure from other sides.

  1. Fear of Risk: Many investors, especially retail (ordinary people like us), are exchanging their BTC for Stablecoins (stable coins like USDT or USDC). The reserves of Stablecoins on exchanges rose by $10 billion last month. That means they are taking money out of the "roller coaster" of Bitcoin to put it into something safer. It is a clear sign of "risk aversion" in the environment. 🛡️

  2. Strong Selling from the U.S. (and the West): On-chain data screams that the United States is the main seller of Bitcoin, followed by Asia and the European Union. The Coinbase Premium index is in negative numbers, confirming that there is a lot of selling pressure in the U.S. market. If the largest market continues to sell, no matter how much the ETFs buy, the balance won’t be restored.

🚀 What Does BTC Need to Fly?

Analysts have different positions. Some, seeing that 566 days have passed since the last Halving, think that the peak of this cycle has already passed. 🕰️ But others, like Captain Faibik, see a figure on the chart called "broadening descending wedge" that, if the resistance of $107,000 is broken, could take us straight to $117,000. That is the key figure, note it down! 🎯

In summary, the inflow of institutional money into ETFs is a super good sign of confidence, but it is not enough to counteract the fear and massive sales from other investors, especially in the U.S. For us to see that rocket take off, we need retail investors to stop panic selling and for the price to break those $107,000.

Do you think the optimism of institutions will finally infect the market and we will see that takeoff, or will traders' fear continue to hold back the Bitcoin party? Let me know your opinion! 👇$BTC