$BTC
Checking the latest ETF data, and the "Smart Money" seems to be de-risking as we approach year-end.
Bearish trend: 5 out of the last 7 trading days saw Net Outflows. The momentum is currently leaning toward the exit door. 🚪🏃♂️
Trend Alert: We’ve seen back-to-back outflows on Dec 18-19 (approx. -3.72K $BTC ). This suggests institutional profit-taking or portfolio rebalancing. 💰
The Dec 17 Mirage: Despite a massive +5.21K BTC spike (mostly from Fidelity), the market failed to sustain that energy, quickly flipping back to red. 🛑
Market Impact: Outflows = Spot selling pressure. Expect the price to face heavy resistance in the short term.
💡 Pro Tip: Don’t FOMO into Longs just yet. waiting for IBIT (BlackRock) to flip green again before looking for a solid reversal. Stay patient, stay disciplined. 🛡️
What’s your move? Are you buying the dip or waiting for more clarity?
