On Wednesday, #Bitcoin ETF data amplifies net outflows, accompanied by price drops, is the logic of 'carving the boat to seek the sword' gradually being validated?
Wednesday's #BTC ETF data continued to show net outflows, with a larger outflow compared to Tuesday
According to statistics, on Wednesday, September 9, BTC ETFs had a net outflow of about 120.2 million, a significant increase compared to Tuesday. IBIT has shifted from Tuesday's net inflow to net outflow, indicating the market has entered a phase of comprehensive net outflow
IBIT went from a net inflow of 106.5 million on Tuesday to a net outflow of 19.5 million on Wednesday, a gap of 30 million in funds
Regarding crypto market data, the focus is on capital flow: overall funds decreased by 200 million, with USDC seeing a net outflow of 165 million, and mainstream funds in the US region also flowing out
Today's ETF and crypto market funds have fully entered a net outflow phase. If the ETF data on Thursday and Friday continues to see net inflows and the rate of net outflows increases, it will be even more unfavorable for current prices
At present, the logic I proposed last weekend has been accelerated. As funds shift toward net outflows and the scale of outflows continues to expand, a correction also signals the official start of a correction! #BTC现货ETF大额流入后转负
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