This week's #Bitcoin ETF and crypto market fund data statistics — BTC main buyers retreat, regulatory uncertainty brought by the Democratic Party causes a clear decline in confidence among institutional users!
This week's #Bitcoin ETF and crypto market fund data statistics — BTC main buyers retreat, regulatory uncertainty brought by the Democratic Party causes a clear confidence decline among institutional users! First, let's look at the ETF data: This week, the capital outflow was 1.2817 billion, about six times the net outflow of 200 million last week. Among them, IBIT, as the main capital channel, had a net outflow of 1.2095 billion this week, becoming the main net outflow channel! #BTC spot ETF cumulative net outflow this year is about 416 million USD. The ETF data signals are not optimistic, especially since IBIT, which used to be the mainstream buyer among institutional users, continued to have net outflows this week, with daily outflows not less than about 100 million. Pay special attention to the data on Wednesday, November 4th. Although the ETF overall had a small net inflow, IBIT still showed an outflow of about 200 million, which means that institutional users who were once confident showed obvious selling behavior this week. Looking at crypto data: Compared to November 1st data, after a week, besides obvious declines in market value for #BTC and #ETH, market share also slightly changed. Compared to the whole week, ETH and altcoins in the current data actually performed slightly better than last weekend. Trading volume is slightly lower than last Sunday's level; after rapid rises and falls this week, the market clearly entered a weak trading phase over the weekend. The key is fund flow: Compared to last week's total stablecoin amount of 299.8 billion, currently only 294.1 billion remains, a net outflow of 5.7 billion in one week, among which USDT net outflow is 3.14
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