🚨Despite Monday's sharp drop in the cryptocurrency market, BlackRock's Bitcoin ETF had zero inflows🤯
📊While the market plunged on Monday, BlackRock's Bitcoin ETF holders were as steady as a rock! The market plunged 14% as soon as it opened that day, but these iShares (IBIT) holders did not receive any inflows. You heard it right, zero inflows! Just the week before, the fund had already fallen 8%👀
📉At the same time, although the total outflows of this group of ETFs fell by $168 million, this only accounted for 0.3% of its total assets under management, which is simply a drop in the bucket.
💼Therefore, some people believe that most of the people who buy and hold BlackRock's Bitcoin spot ETF are not ordinary investors, but more institutions and managed funds. This makes people wonder, does their firm holding mean that the main force has already seen the opportunity?
😨 On the contrary, the market's reaction was quite intense. On Monday, the Crypto Fear and Greed Index fell directly into the 'extreme fear' zone, and the price of Bitcoin once fell below $49,500. At the same time, retail investors in the market generally chose to sell at low prices due to panic, waiting for a larger correction.
🤔 Does this series of phenomena reveal a certain phenomenon in the market! The main funds have already known and completed the layout? At the same time, in this psychological game, it is impossible to be sure that institutions and venture capital are winners, but those retail investors who left the market due to panic are definitely losers!
💬 What do you think these firm holders of BlackRock Bitcoin ETF think? Are they too calm, or are we too panicked? How should we deal with every large fluctuation in the market?