$BTC saw a net outflow of $1.42 billion last week, bringing the total net outflow for May to $2.3 billion. Currently, $BTC is still trading in the $73,000 to $74,500 range. On the chart, $74,200 to $74,500 is acting as immediate resistance, while $73,300 to $73,600 is key support; a drop below this level could see us eyeing $72,500. If we break below $70,000, the risk of mass liquidations will significantly increase.
On the flip side, the exchange whale holdings ratio has risen to a 10-month high, which stands in stark contrast to the continued outflow of institutional funds. Looking at $ETH , last week’s spot ETF also faced a net outflow of $241 million, marking three consecutive weeks of outflows. Now the big question is: are we nearing peak ETF panic, or has the risk not fully unwound yet?
Are you more focused on the ongoing ETF outflows, or the bullish signal from whales increasing their positions on exchanges?
On the flip side, the exchange whale holdings ratio has risen to a 10-month high, which stands in stark contrast to the continued outflow of institutional funds. Looking at $ETH , last week’s spot ETF also faced a net outflow of $241 million, marking three consecutive weeks of outflows. Now the big question is: are we nearing peak ETF panic, or has the risk not fully unwound yet?
Are you more focused on the ongoing ETF outflows, or the bullish signal from whales increasing their positions on exchanges?