On December 24, the total outflow of funds from Bitcoin spot ETFs reached $338 million, with BlackRock's #IBIT experiencing an outflow of $189 million, accounting for 56%.

Overview of Fund Outflows

• Overall Data: Multiple Bitcoin spot ETFs saw fund outflows, totaling $338 million.

• BlackRock Dominates: #IBIT became the main source of fund outflows, with an outflow of $189 million.

Possible Reasons

1. Year-end Fund Adjustment: Institutions may optimize asset allocation at year-end.

2. Market Uncertainty: The macroeconomic environment and expectations around Federal Reserve policies may trigger cautious sentiment.

3. Profit Taking: The recent rebound in Bitcoin prices has led some investors to lock in profits.

Market Impact

• Short-term Pressure: Fund outflows may create some downward pressure on prices.

• Long-term Logic Remains Unchanged: The long-term investment confidence of institutions like BlackRock continues to support the market.

Recommendations

Pay close attention to market sentiment and fund flows; short-term traders should set stop-losses, while medium to long-term investors can wait for confirmation of support levels before accumulating positions.