Ladies, the ETF has seen outflows for 9 consecutive days, with $2.8 billion taken out.
I've been staring at this number for a while. It's not just one or two days; it's nine days with no net inflows.
When was the last time something like this happened? I can't recall.
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To be honest, I'm feeling conflicted about
$BTC right now.
The price is hovering around $72,800; it hasn't crashed, but it also isn't showing signs of recovery. Today it hit a high of $73,949 and then slid back down, just hanging there.
The contract trading volume is 7.7 times that of the spot market.
This number makes me uncomfortable. Not many are buying the spot, but contracts are being traded like crazy—indicating everyone is betting on direction rather than stacking coins.
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Regarding the ETF outflows, my trader friend put it bluntly: "Institutions aren't panicking; they are waiting."
I think she’s right to an extent.
Waiting for what? It could be macro data, the next catalyst, or just waiting for a lower entry point.
But the issue is, $2.8 billion has flowed out; that money hasn't disappeared; it's just exited the scene.
Those exiting aren't saying, "I don't believe in this," they’re simply saying, "I don't want to be here right now."
There's a big difference between the two.
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My judgment is: short-term bearish, but not the kind of crash bearish.
I wouldn't dare to short at this level; too many eyes are on it, one wrong move could spike it up.
Going long feels uncomfortable too; the ETF has had continuous outflows for 9 days—why should I have more confidence than the institutions?
Right now, I'm sitting in cash and watching.
I’ve been charting all day until my head hurts; I don’t want to guess the direction anymore tonight.
I’ll wait for a clearer signal before making any moves.
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The market flips faster than you can turn a page, so keep some positions open.
$BTC #比特币 #ETF流出 #contract trading