Bitcoin ETF funds are outflowing! 6 consecutive days of outflow, is the market on the verge of collapse?
Bitcoin ETF has been outflowing funds for 6 consecutive days, and another $37.2 million flowed out on September 4. Although the outflow this time is negligible, the huge outflow of GBTC and FBTC has made the market sentiment tense. At the same time, Ethereum ETF is not to be outdone, with a cumulative outflow of more than $562.3 million, which is a heavy hammer for the market!
Is it the funds waiting or the big players withdrawing? The crypto market has already turned on the red light in terms of capital flow. Bitcoin and Ethereum ETFs are experiencing a cold winter, while a few ETFs like Bitwise are quietly absorbing funds. Is there a bigger capital game behind this?
The calm before the storm may be the opportunity to enter the market, but you have to catch it! Pay attention and see through the undercurrents behind the crypto market!
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