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Big news this weekend, brothers!
Bitcoin and Ethereum spot ETFs finally ended their streak of 8 straight weeks of outflows this week, with total net inflows of $281.8 million.
Does it feel like the bull is back? Don’t get too excited yet.
These $281.8 million sound pretty intimidating, but in reality it only recovered about 3% of the $9.46 billion that bled out over the previous 8 weeks.
Bitcoin ETFs recovered 2.4%, and Ethereum ETFs recovered 7%.
What’s even more painful is that the average cost for ETF holders is around $83,800, while “big cake” is only a little above $64,000 right now.
Then the dog-whale turns around and lands a single shot. Big cake $BTC
It goes straight from $64,497 down to $63,619, and Ethereum $ETH
Also crashes from $1,827 to $1,812. Both longs and shorts get wiped out. BlackRock just rushed money in, and then—turns around and gets poked with a shot right after. Who wrote this script?
Remember: when liquidity is low on the weekend, the dog-whale’s favorite game is surprise attacks. Don’t think you can just lie back and win because ETF money is flowing back—every stop-loss you should set can’t be missed.
Tell me in the comments: did this needle hit you? 👇$NES
#GateUS合规扩展佛罗里达