BlackRock (IBIT) Daily BTC Flows: -36.9m
Spot BTC Aggregate Flows: -559.5m: BBG
This ETF flows are a great way of tracking market sentiments. Above 70k$ we had multiple billion dollars inflow which indicates FOMO in the market where we got our local top
Now $BTC below 60k$, we had multiple 0 buying from BlackRock and today all ETFs had huge outflow amounting to more than 500M$ which indicates max panic in the market
Basic market rule to make money if u follow "Buy the panic, sell the FOMO".
Behind every crypto whale are a lot of losses they didn’t bitch about
They keep trying until they achieved millionaire status
It only takes one token to change everything.