#Bitcoin ETF ended a streak of 9 consecutive days of net inflows, with Wednesday marking the first net outflow of the week, and the magnitude was not small. Has the market confidence dropped due to weakened expectations of an October rate hike?
Wednesday's #BTC ETF data showed a single-day net outflow of 148.7 million, with IBIT net outflow of 9.5 million and FBTC net outflow of 125.6 million, making it the largest net outflow yesterday.
Crypto market data also wasn't very good, with a key focus on capital flows, which still showed net outflows of 200 million in a single day, including USDC net outflow of 176 million.
Wednesday's data was indeed surprising. After 9 consecutive days of net inflows and increased inflows on Tuesday, the October rate hike expectations weakened on Wednesday, causing prices to rebound, but unexpectedly, there was a collective net outflow of funds.
Next, attention should be paid to ETF data on Thursday and Friday. If it's just a single-day net outflow, it's not a big issue, meaning normal capital turnover and portfolio adjustment. However, if there are continuous net outflows, combined with crypto funds also maintaining net outflows, it may indicate a decline in market confidence, which would really require attention!
One point to note here: if the probability of an October rate hike weakens but market funds take the opportunity to flee, then what is the market afraid of? #比特币ETF连续9日流入，ETH转流出
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