As long as there are constant net outflows, it will be difficult for big-ticket ETFs to stabilize.
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Bitcoin hit its lowest point of 62,600 on March 22, which was too fast as expected by Cognitive Society. I thought it should struggle around 65,500, but it hit the bottom twice in one wave.
The net outflow of Bitcoin spot ETF shows that the selling of Bitcoin has begun to increase, there are few retail investors taking orders, and institutions are temporarily unwilling to take orders. Bitcoin needs to fall to a position where the enthusiasm of institutions to add positions increases again, so that the market can be stable. Bitcoin Institutions had a strong desire to buy 59,200 coins twice before. I don’t know what will happen this time.