Babies! The latest update is here. I just saw the news from BlockBeats that $142.2 million has flowed out of Bitcoin ETFs in the US, with funds leaving for three consecutive days. Specifically, apart from $6 million flowing into BlackRock's IBIT, others like BITB and GBTC are all seeing outflows, which indicates significant short-term pressure in the market.
But don't panic. I looked at the on-chain data, and things are not as simple as they seem. On-chain data shows that Bitcoin balances on exchanges have been declining recently, while whale addresses are quietly accumulating, indicating that smart money is taking the opportunity to buy, while retail investors may have been scared off. Although the sentiment is pessimistic, the fundamentals remain intact—Bitcoin network hash rate is stable, and long-term holders are not making major moves.
My view is clear: the short-term market may continue to fluctuate or even correct because the outflows from ETFs reflect a cooling sentiment, but this is precisely a washout opportunity. I remain bullish in the medium to long term; on-chain data suggests limited selling pressure, and once funds flow back in, the rebound will be swift. I analyzed this before, and such outflows often present good positioning opportunities. Last month, during the correction, I called for increasing positions, and didn’t it get validated later?
In summary, don’t be disturbed by short-term noise; hold your core positions steadily. Follow me, and I will continue to use on-chain data and news to help everyone grasp the rhythm! Let’s stay steady together; the future is promising! #ETH走势分析 #加密市场观察 $ETH
