$430 Million Outflow! Bitcoin’s Crisis and Opportunity

Since Bitcoin rebounded from $92,000, it has been oscillating around $96,000. Of course, everyone knows this fluctuation is temporary. The question is: when will the breakout happen? And will it be upward or downward?

Most analysts have given optimistic predictions, believing that Bitcoin is preparing for the next phase of the bull market. I agree with this view because the long-term uptrend of Bitcoin has not been reversed.

However, there is another possibility — Bitcoin could experience another significant decline. This cannot be ignored, especially since last week saw net outflows from Bitcoin ETPs.

You might be wondering: the Bitcoin ETP market is just one part of the broader Bitcoin market. Why should we care about the capital flow in this sector?

In one sentence: ETPs are the main gateway for institutional participation, reflecting the movements of “smart money.”

“Smart money” typically refers to institutional investors or experienced market participants who possess strong market judgment and risk management capabilities.

Bitcoin ETPs — especially spot ETFs — have become the primary vehicle for traditional financial institutions to…