"Bitcoin ETF outflows! Funds withdraw 6,700 BTC, market crash alarm sounds!"
The Bitcoin market is shaken, and huge funds are flowing out of ETFs! Just as investors reacted to the Fed's expectations of a rate cut in 2025, the Bitcoin ETF suffered the largest single-day outflow since January this year - a total of $680 million, or about 6,700 BTC, was withdrawn! This not only broke the record of 15 consecutive days of fund inflows in the Bitcoin ETF, but also caused market sentiment to plummet instantly.
The Fed's cautious attitude caused market panic
The new economic forecast released by the Federal Reserve this week made the market uneasy. Although the expectation of rate cuts was adjusted to only two times, each by 25 basis points, this large reduction suppressed confidence in risky assets. At the same time, the prices of Bitcoin and major ETFs also fell. Grayscale and Bitwise's Bitcoin ETFs fell by about 8% each, while Bitcoin itself fell below the $100,000 mark in just a few days, setting a new low.
Long and short positions are liquidated crazily, and the market changes suddenly
The volatility of the market has increased unprecedentedly. In just 24 hours, the total liquidation of the Bitcoin market exceeded US$240 million. The violent liquidation of long and short positions has exacerbated the instability of the market. Analysts have warned that the sell-off in the cryptocurrency market may continue, and if Bitcoin falls below $94,500, the upward trend of the past six weeks will completely collapse, and the short market will dominate again.
"There are hidden concerns behind the withdrawal of funds from Bitcoin ETFs"
Investors' panic is not unfounded. Joseph Darrier, head of execution at Tickmill, pointed out that this wave of capital outflow pressure has not only affected the Bitcoin market, but may even affect the broader risk asset market. In the short term, market sentiment is likely to remain sluggish, and more funds may be withdrawn, further exacerbating price declines.
Next, can Bitcoin counterattack? Can the market regain confidence? Pay attention to the hunter, take you to deeply analyze the latest trends and stand firm in the market!
