Today's ETF
Whether it's Bitcoin or Ethereum ETFs, there has been a significant net outflow since yesterday...
BTC ETF saw a net outflow of $812 million in a single day.
ETH ETF saw a net outflow of $152 million in a single day.
Although it feels a bit like a delayed reaction, with the sell-off starting just yesterday, Bitcoin's price is still above $110,000.
If the profit-taking from earlier low positions continues to choose to sell, it is estimated that there will be a selling pressure of several billion dollars.
After all, below $100,000, Bitcoin has always been in a strong buying rhythm.
If the outflows continue, the price will likely drop below $110,000.
Yesterday, I replied to a friend's question about where to try "bottom-fishing."
Actually, it's just around $110,000 for a small rebound, and $100,000 for a big rebound.
As for further down the line, we'll talk about that later~
In the upcoming market, it's highly likely that being in cash will outperform 90% of people!
#BTC
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