The market is still the same market, but the wind has changed.

Recently, we need to pay attention to whether the funds currently in the market will continue to flow out?

A turning point appeared last Friday, with $238 million inflow into Bitcoin ETFs. It’s worth noting that last Thursday, there was an outflow of over $900 million in a single day. If this trend cannot be stopped, the price of Bitcoin could likely fall below $70,000, while Ethereum ETFs also saw an inflow of $55 million.

However, all of this is just a halt in the decline. Whether funds can continue to flow in this week will be the real test. Why have cryptocurrency prices repeatedly hit new lows in the previous weeks? The root cause is that several large institutions have been selling off aggressively, and there simply aren’t enough buyers in the market to absorb such large sell orders.

Therefore, the most important barometer in the current market is to see when these large institutions can turn back into buyers.

Only then can treasury companies like DAT regain their strength and stop being forced to sell coins to repurchase stocks.

Otherwise, the entire market will fall into a terrible death spiral: listed companies sell coins to maintain stock prices → selling coins leads to a drop in coin prices → drop in coin prices drags down stock prices → companies are forced to sell more coins… This cycle will lead to a prolonged downward trend.