Bitcoin ETF bleeds heavily!

On May 13, Bitcoin spot ETFs underwent a major upheaval, with a net outflow of $635 million in a single day. BlackRock’s IBIT became the main force behind the withdrawals, pulling out $285 million in one day. Even though its historical cumulative inflows still hold at more than $60 billion, the sudden turn downward in this wave of capital pressure really sent a chill through the market behind the scenes.

U.S. prices are rising too fast, and the PPI data directly extinguished any hopes of rate cuts. For institutions, to lock in profits and make sure gains are secured, they hurried to close positions and exit while prices were high. Although total ETF assets are still holding above the $100 billion mark and the base for institutional allocations hasn’t collapsed, as long as inflation doesn’t cool down and the Federal Reserve doesn’t loosen its stance, this nervous and apprehensive wait-and-see sentiment won’t go away!

In the short term, the market has entered a sensitive period of high-frequency range-bound fluctuations. The bearish camp watches the outflow of funds, wanting to retreat, while the bullish camp is betting on a rebound after the bad news has been fully played out. Both sides are jockeying for position based on whatever the Federal Reserve decides next. The situation right now is that the macro environment isn’t cooperating—large funds, to avoid the headwinds, have chosen to hold back temporarily rather than act.

Inflation can’t be brought under control, rate cuts are out of the question, and the big players all started running with their money first. Even though they remain optimistic about Bitcoin’s long-term performance, this gust of wind is blowing fiercely right now—wait and see after this wave of capital withdrawals passes. Bitcoin ETF bleeds heavily!

On May 13, Bitcoin spot ETFs underwent a major upheaval, with a net outflow of $635 million in a single day. BlackRock’s IBIT became the main force behind the withdrawals, pulling out $285 million in one day. Even though its historical cumulative inflows still hold at more than $60 billion, the sudden turn downward in this wave of capital pressure really sent a chill through the market behind the scenes.

U.S. prices are rising too fast, and the PPI data directly extinguished any hopes of rate cuts. For institutions, to lock in profits and make sure gains are secured, they hurried to close positions and exit while prices were high. Although total ETF assets are still holding above the $100 billion mark and the base for institutional allocations hasn’t collapsed, as long as inflation doesn’t cool down and the Federal Reserve doesn’t loosen its stance, this nervous and apprehensive wait-and-see sentiment won’t go away!

In the short term, the market has entered a sensitive period of high-frequency range-bound fluctuations. The bearish camp watches the outflow of funds, wanting to retreat, while the bullish camp is betting on a rebound after the bad news has been fully played out. Both sides are jockeying for position based on whatever the Federal Reserve decides next. The situation right now is that the macro environment isn’t cooperating—large funds, to avoid the headwinds, have chosen to hold back temporarily rather than act.

Inflation can’t be brought under control, rate cuts are out of the question, and the big players all started running with their money first. Even though they remain optimistic about Bitcoin’s long-term performance, this gust of wind is blowing fiercely right now—wait and see after this wave of capital withdrawals passes. #Gate广场五月交易分享 $BTC ‌