Market Signal Warning: Dual Pressure from Funds and ETF Purchases

1. Tightening of funds:

USDT supply remains stable, but USDC supply has plummeted by 370 million, ending the recent improvement trend, indicating that market liquidity may be contracting.

2. ETF fund outflow:

Yesterday, Bitcoin and Ethereum ETFs had net outflows of 413 million and 78.8 million, respectively, forming a stark contrast to the previous day's net inflow, reflecting weakened fund sentiment.

3. Weakening demand in the US market:

Coinbase Bitcoin premium index has turned negative, indicating weak buying in the US market and declining demand.

Comprehensive Analysis:

The trends in funds, ETF purchases, and US market demand are all deteriorating, with market signals leaning towards caution. Investors should avoid blind operations and reasonably adjust positions to cope with potential risks.