ETF demand cooled, and Bitcoin recorded its worst monthly performance since the collapse of FTX

Bitcoin is experiencing its worst month since the collapse of Crypto Assets tycoon SBF's FTX empire on May 1 as the euphoria surrounding US Bitcoin ETFs subside. Preliminary data shows that Bitcoin falls nearly 14% in April, the biggest big dump since falling 16% in November 2022. The frenzy sparked by US Bitcoin ETFs saw Bitcoin reach a record high of nearly $74,000 in March, but inflows into these products fell sharply as bets on the Fed's rate cuts waned and demand for riskier investments took a hit. As of April 29, 11 U.S. Spot ETF had a net outflow of $182 million this month. In March, these funds saw net inflows of $4.6 billion.

Such a large net inflow, then the price in March is at a high level of about 70,000, so the point of 59500 is very critical, once lost, the two quickly return to the starting position of the current round of bulls, about 51000-53000. The news is more frequent these days, can the longest head hold up? I don't know. Fren who escaped the top at 72500, Spot and bullets should be very hopeful for a deep fall, right? In addition, note that the panic index is already in the 40-60 range. Falling below 59500 and supporting around 52000 is expected to quickly return to the panic index of 30 or below... Pure speculation, casual scolding

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