2026-01-08 08:21:02

The game of chasing gains and killing losses is still ongoing.

Since last Tuesday, the funding situation for Bitcoin spot ETFs has been starting to falter. The day before, Fidelity investors were heavily buying in, but today they directly reversed their positions, with outflows increasing by 1.5 times. The most inflows yesterday were into BlackRock? But it has quietly shrunk to two-thirds. Behind these data, there are actually only two words—acceptance.

The price also gave an answer. Bitcoin has fallen back to around $90,000, and at this rate, the subsequent ETF data will only look worse. To put it simply, traditional large institutions' enthusiasm for the crypto market is far from what it appears to be on the surface, which confirms a judgment: event-driven rallies tend to rebound quickly, and declines also happen fast, with considerable pullback pressure. In the short term, the cold attitude of such funds is worth paying attention to.

BTC-0,1%

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StrawberryIce

· 01-11 02:37

Here they come again, these big institutions are playing the same game... Where are Fidelity and BlackRock's promises of long-term holding? Really, it's always the same. When prices go up, they boast loudly; when prices fall, they run faster than retail investors. If I can't hold onto 90,000 yuan, I just laugh. To put it plainly, they never intended to buy the dip for the long term; they're just here to harvest the chives. The enthusiasm of institutions? It's all fake; the data will tell the truth.

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LiquidationWatcher

· 01-10 22:42

Big institutions' moves are really funny this time. Chasing the top guys, and the cut-losses are also by the top guys. We said long-term optimism, and now they admit defeat? That's hilarious. The 90,000 bottom rebound still continues to be sold off; it depends on their mood. Institutional tactics are always the same, retail investors are always the last to take the fall. This time, it's back to eating dirt. NGL, it's a bit annoying.

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TokenDustCollector

· 01-10 08:27

This is the standard process institutions use to cut our losses, famously called "adjustment." --- I see through Fidelity and BlackRock's tactics. They hype up when entering, and run when losing money. --- Basically, retail investors are the bagholders. When they operate in the opposite way, we’re done for. --- If the price is below 90,000, it still needs to fall further. If institutions have already run, how can it go up? --- This wave of event-driven moves should have been seen through long ago; it’s the same routine every time. --- I just want to know when they will truly be optimistic. This constant back-and-forth is driving me crazy. --- Give up? Haha, they call it tactical reduction of positions. --- Poor ETF data afterward? Then retail investors will have an even harder time holding on.

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WenMoon

· 01-08 14:50

Big institutions harvest the profits and then run away. How many years has this trick been played?

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HorizonHunter

· 01-08 08:51

Institutions turn hostile so quickly, it's truly incredible.

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YieldWhisperer

· 01-08 08:50

fidelity and blackrock doing the classic pump-fake... actually the flows don't even match the on-chain data, smh. saw this exact pattern in 2021, spoiler alert: doesn't end well

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ser_ngmi

· 01-08 08:47

Coming back with this set again? Big funds cut the leeks and run, not surprising at all. Big institutions are like this, they say they are optimistic but then they sell off. At the 90,000 level, it still feels like it will continue to fall, ETF data doesn't lie. The rebound is quick, and the decline is quick too, it's all about mentality. Fidelity, BlackRock, they are all resigned to this pace, very clear. In the short term, it's better not to be too optimistic, let's wait and see, everyone.

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MonkeySeeMonkeyDo

· 01-08 08:46

Here they come again. When the institutional players get bored, they just pass the buck. What are Fidelity and BlackRock playing at? Buying and selling in quick succession, do they really think we're just a bunch of leeks? Just admit it if you want to, anyway we didn't lose much when it dropped. This correction needs to be watched carefully; it still feels like there's hope. A BTC worth 90,000 yuan doesn't look stable at all. The attitude of institutions has shifted; do retail investors still have to keep getting cut? In the short term, caution is definitely needed. If big funds start to withdraw, we'll suffer too.

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SatsStacking

· 01-08 08:45

This move by the big institutions is really incredible, buying and selling along the same line.

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StakeWhisperer

· 01-08 08:32

Here we go again, the pace of cutting leeks this time is faster than ever. Big institutions are playing this set. When it rises, they hype it up loudly; when it falls, they run away quickly. So what if it's 90,000? According to this trend, it still needs to continue testing the bottom, and ETF data will look even worse. Damn, my mentality has collapsed over these few days of being trapped. It's just event-driven, once the hype passes, it's over. These institutions simply don't take us seriously. Let's wait and see. In the short term, this data will definitely get worse. I bet 5 bucks.

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