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Bitcoin's market value fell out of the top ten, and $ETH 's net outflow of 757 million dollars caused a stir!
It's hard to bear, brothers~~~~~
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Yesterday (February 26, Eastern Time), the US spot Bitcoin ETF had a net outflow of 757 million US dollars, setting a heavy record. At the same time, Bitcoin's market value slipped to 1.675 trillion US dollars, and was left behind by Meta Platforms (1.706 trillion US dollars), falling out of the top ten global asset rankings, temporarily ranking 11th. In the past 7 days, BTC's market value plummeted by 13.02%, while Meta only fell by 3.04%. This wave of "bloodbath" in the currency circle is fierce enough.
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What's going on? BTC is currently priced at 82,200, panic sentiment is high, and ETF outflows reflect the shaken confidence of investors. The market is under obvious short-term pressure due to the double pressure of money laundering by hackers (71,000 ETH were laundered in 24 hours) and the uncertainty of Trump's tariffs (25% tax increase from April 2).
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My opinion: 80,000 is the key support. If it falls below, it may go straight to 75,000, but the signs of oversold have appeared, and the window of rebounding to 90,000 is not closed. In the medium term, if the outflow of ETFs continues, BTC ranking will have to fall, but once the policy is clear or funds return, it will not be difficult to counterattack the top ten.
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