BTC and ETH Crash Warning: Massive Institutional Sell-off, What Trading Opportunities Are Hidden in the Panic?
This week, U.S. spot Bitcoin and Ethereum ETFs faced a "massive bloodletting," with giants like BlackRock and Fidelity drastically reducing their holdings, causing the market fear index to fall into the "fear" zone. Behind the crash, is it risk or opportunity? How should traders position themselves?
1. Market "Blood Flow": Shocking Institutional Sell-off
- BTC ETF net outflow of $830 million: This week, a total of 10,358 BTC were reduced, with BlackRock and Fidelity selling 4,239 and 3,813 respectively, with only a brief inflow of 160 coins on Wednesday. The current BTC price hovers around $84,000, significantly undermining market confidence.
ETH ETF avalanche outflow of $190 million: Over 99,000 ETH were sold, with BlackRock and Fidelity collectively reducing over 65,000 ETH, causing the ETH price to fall below the $2,000 mark, and the ETH/BTC exchange rate dropped to 0.0229 (historical low).
Key Data: The market fear and greed index is only 30, hitting a new low for the year, with investor sentiment plummeting to freezing point.