Net outflow of Bitcoin ETF funds?
There has been a net outflow of funds from Bitcoin ETFs in the past few days.
Therefore, the price performance is mainly falling.
To put it bluntly, the real root cause of the rise or fall is
It is affected by changes in supply and demand.
When supply exceeds demand, prices will naturally rise step by step.
When supply exceeds demand, prices will naturally fall.
It has fallen recently, and BTC is naturally in a state of oversupply.
So when Bitcoin rises or falls,
Looking for the reason again, it actually doesn’t make much sense.
Because there is a lot of news every day,
Some can be seen, some cannot be seen,
Moreover, the news received by everyone is different.
Therefore, we interpret the market based on limited information.
Often the accuracy is not high,
It is also easy to cause
Hindsight is like a pig beforehand.