$BTC has been stuck at this position for nearly a week; $ETH 1575 is also dead fish. A bunch of mainstream knockoffs are down about 1.5%-5%—and $SEI is bringing up the bottom at -4.6%. All the ALT are quietly and slowly bleeding; nobody is taking the bait.
But a few data points are pretty interesting:
- After a full 24h market-wide liquidation, it was only $34M. Normally, even a random small needle move starts in the hundreds of millions, which suggests both long and short sides are pretending to be dead
- $BTC ’s ETF has seen net outflows for 7 straight days; on 6/26 alone, IBIT ran off 445 million
- In the previous round in early June, when $BTC fell to 59k and knocked out a billion in liquidation—now that was real panic
Honestly, this kind of combination—market-wide shrinking-volume slow bleed + ETF dull outflows + a big drop in liquidation scale—historically is often seen at the end of a shakeout. Institutions slowly distribute shares at low levels, and retail gets worn down until they have no temper left and hand over bloody coins. Once volume comes back + the ETF turns positive, that’s when the next wave starts.
Of course, if on the weekend a single spike suddenly punches through 59k, then it’s not a shakeout. Let’s watch.
#行情分析 #ETF资金流 #on-chain data
But a few data points are pretty interesting:
- After a full 24h market-wide liquidation, it was only $34M. Normally, even a random small needle move starts in the hundreds of millions, which suggests both long and short sides are pretending to be dead
- $BTC ’s ETF has seen net outflows for 7 straight days; on 6/26 alone, IBIT ran off 445 million
- In the previous round in early June, when $BTC fell to 59k and knocked out a billion in liquidation—now that was real panic
Honestly, this kind of combination—market-wide shrinking-volume slow bleed + ETF dull outflows + a big drop in liquidation scale—historically is often seen at the end of a shakeout. Institutions slowly distribute shares at low levels, and retail gets worn down until they have no temper left and hand over bloody coins. Once volume comes back + the ETF turns positive, that’s when the next wave starts.
Of course, if on the weekend a single spike suddenly punches through 59k, then it’s not a shakeout. Let’s watch.
#行情分析 #ETF资金流 #on-chain data