BTC plunge triggers a massive withdrawal of spot ETFs! $570 million outflow sets second largest record in history
The price of Bitcoin fell below the 100,000 mark, and market panic spread, causing huge capital outflows from spot Bitcoin ETFs-on January 8, investors withdrew $570 million, setting the second largest single-day outflow record in the history of the ETF product. Fidelity Wise Origin Bitcoin Fund was the hardest hit, with a single-day outflow of $259 million.
To make matters worse, BlackRock's IBIT and ARKB were not spared, with outflows of $124 million and $148 million, respectively. Despite this, market sentiment remains in the "greed" zone, and panic has not spread to the entire market. This wave of shocks seems to be an early response to the prospect of the Fed's rate hike.
As Bitcoin price volatility intensifies, the start of 2025 is still full of uncertainty. Traders warn: Don't make decisions based on past trends! With the advent of big fluctuations, opportunities and risks coexist. Can BTC rebound? Follow Lao Tan and let's interpret this turbulent market together!
