$BTC Warning of BTC and ETH drop: massive sell-off by institutions, what trading opportunities lie amid the panic?

This week, Bitcoin and Ethereum ETFs in the U.S. experienced a "major blood loss," with giants like BlackRock and Fidelity drastically reducing their positions, and the market fear index falling into the "fear" zone. Behind the drop, is there risk or opportunity? How should traders position themselves?

1. Market "in a sea of blood": the institutional sell-off is shocking

- Net outflow from BTC ETF of 830 million dollars: this week saw a reduction of 10,358 BTC, with BlackRock and Fidelity selling 4,239 and 3,813 BTC respectively, with a brief inflow of 160 BTC on Wednesday. The current BTC price hovers around 84,000 dollars, and market confidence has clearly been affected.

Massive outflow from ETH ETF of 190 million dollars: over 99,000 ETH were sold, with BlackRock and Fidelity reducing more than 65,000 ETH in total, the ETH price has fallen below 2,000 dollars, and the ETH/BTC ratio has dropped to 0.0229 (historical low).

Key data: the market fear and greed index is only 30, marking a new low for the year, and investor sentiment has fallen to critical levels.