Investors withdrew a record $569 million from spot Bitcoin ETFs in less than a day.
From the evening of January 8 to the evening of January 9, the outflow of funds was the second largest since the launch of Bitcoin-based exchange-traded funds. Before that, a similar outflow was on December 19, after the Fed announced its refusal to make a reserve in Bitcoin.
Yesterday's breakout of the low at $91,500 did not cause panic in the market and did not lower the dominance of Bitcoin, this indicates the positivity of market participants and a high greed index.
Today, Bitcoin shows a slight increase of + 4.5%, but for how long? And will there be another breakout of the low?
So far, the daily support at $92,500 is working well, but we trade carefully, taking into account the risks.
