Data show that the net outflow of US spot #比特币ETF yesterday was US$248 million.

Since December 19, 2024, ETFs have shown an overall net outflow trend. During this period, there were only two trading days with net inflows, and on one of them, the inflow was only US$5.3 million, which is almost negligible.

I think it may be related to two factors. One is that the U.S. stock market has established a stage top before this, and the other is that the price of #BTC also peaked at 108350+ US dollars the day before.

As a result of these two factors, market sentiment and confidence may be affected. Investors' concerns about market volatility, especially after the price of #比特币 has experienced a significant increase, may lead investors to choose to take profits at high prices and make short-term adjustments to the market. expectations, triggering capital outflows.

It is worth noting that although the ETF has experienced outflows, the overall fundamentals of the Bitcoin market remain strong, including Bitcoin ETF net inflows reaching $3.566 billion in 2024, showing long-term investor interest in Bitcoin Still thick. This short-term outflow may be part of a natural correction in the market, while long-term trends remain to be monitored by changes in Bitcoin fundamentals and market sentiment. For example, #MicroStrategy增持BTC , and #比特币战略储备