ETF continuous outflows + 40% surge gap, this market reminds me of the winter of 2022.

Coin World News reports that, according to Kalshi data, Bitcoin continues to face sell pressure from both retail and institutional traders, and it is unlikely to return to the long-anticipated $100,000 level this year. Although uncertainty about Bitcoin’s future price trend continues to rise in the market, Kalshi’s traders believe Bitcoin has no chance of breaking $100,000 this year. The current Bitcoin price is $76,794, down 3.14% over the past week and slightly down 0.43% over the past 24 hours. With persistent sell pressure, Bitcoin needs to rise by about 40% to reach a new high. Meanwhile, the ongoing outflow of funds from Bitcoin ETFs also indicates that institutional investors are backing away; over the past week, Bitcoin ETFs have seen daily fund withdrawals, with no new inflows into the market, further intensifying retail investors’ panic.