2025.1.9 Market Signals: ETFs Continue to Sell Off, Leverage Remains High

1. Capital Flow

In the past 24 hours, the supply of USDT increased by 80 million (from 137.52 billion to 137.6 billion), while the supply of USDC decreased by 140 million (from 45.47 billion to 45.33 billion).

In the past 24 hours, the combined supply of USDT and USDC decreased by 60 million, which is a significant decrease compared to a reduction of 370 million yesterday, indicating a sharp decrease in liquidity.

2. ETFs

Bitcoin ETFs: FBTC + ARKB + BITB + BTC saw a net outflow of 418 million yesterday, slightly increasing from the net outflow of 414 million on the previous trading day;

Ethereum ETFs: FETH + ETH + WETH experienced a net outflow of 151.4 million yesterday, which is a significant increase compared to the net outflow of 78.8 million on the previous trading day.

The selling pressure from Bitcoin and Ethereum ETFs remains substantial.

3. Leverage

The positions in mainstream coins and altcoins saw a significant increase on January 6, and then the positions declined less during the market downturn. Currently, the leverage for Ethereum and altcoins is generally at a high level.

Overall, the market signals are not optimistic and need to be monitored further.