Yesterday, BTC ETF had a net outflow of $648 million (BlackRock did not disclose)

Yesterday, ETH ETF had a net outflow of $58.1 million (BlackRock did not disclose)

When it really falls, ETFs run faster than anyone else

A few days ago, there were actually some signs, and BlackRock has been supporting the market

Smart money participated in the oversold rebound and bet on the US presidential election in September and October

From November to now, it has actually been the expected trend of Trump's election that is favorable to cryptocurrencies, which has been going on for more than a month

When the Fed's hawkish rhetoric strengthens and the pace of interest rate cuts slows down, the market focus returns to the expectations of the Fed's interest rate, which will dominate the later period

This round has always been a big narrative trading logic, but it only exists in the big cake, not the copycats, it is all a game between the stock funds and a small part of the incremental funds...

Next, the big cake will return to a large range of fluctuations, and the copycat coins will "revert to the mean"!

Wait for the crypto era that will begin after Trump officially becomes the president!

But this will take some time#美联储放鹰