Today's ETF
Yesterday, BTC ETF net outflow was $648 million (BlackRock did not disclose)
Yesterday, ETH ETF net outflow was $58.1 million (BlackRock did not disclose)
As I mentioned before, when it really drops, ETFs run faster than anyone else.
A few days ago, there were already some signs; BlackRock has been supporting the market.
Smart money participated in the oversold rebound and bets on the U.S. presidential election in September and October.
Since November, there has been an expectation of a favorable trend for cryptocurrencies following Trump's election, and it has been running for more than a month.
As the Federal Reserve's hawkish rhetoric strengthens and the pace of rate cuts slows, the market's focus returns to expectations of Federal Reserve interest rates, which will lead the way.
This round has been driven by a grand narrative trading logic, but it only exists in Bitcoin; altcoins are just a game of existing funds and a small amount of incremental funds...
Next, Bitcoin will return to a large range oscillation, and altcoins will “mean revert”!
Let’s wait for the crypto era to begin after Trump officially becomes president!
But this will take some time~