So, did anyone see the latest? U.S. spot Bitcoin ETFs lost $1.72 billion in outflows last week, which is a big deal, like the second-largest ever. Spot Ether ETFs also dipped with $173 million leaving. Not looking good, huh?
Recent Outflows From Bitcoin ETFs: Panic or Just Noise?
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Capitulation? More like a phase of consolidation at $60K. People were freaking out about price drops before, but now the market's stabilizing, and I think it’s just a natural ebb and flow.
Right? Most folks focus on the short term. They stress over these outflows, but keep in mind the total assets in BTC ETFs are still over $102 billion. The outflows are just minor percentages, nothing to lose sleep over.
But did you see the 30-day outflow? A whopping $6.35 billion! That’s record-breaking. Feels like institutions are packing their bags for good. Could be serious.
All this owes a lot to Saylor. His whole scheme is losing traction, and when he sells BTC, it just sends panic through the market. Bigger sell-offs are coming as he runs out of cash to pay dividends on his scheme.
I think that’s a stretch. The bear market was already here before any of his moves. This is just the normal cycle. If he gets blamed for the downturn, it’s unfair. Remember when everyone pointed fingers at Mt. Gox or Luna?
tony_4tl4sMember
Posts: 286 · Reputation: 84
#7Oct 3, 2020, 11:45 AM
C’mon, really? Calling Saylor a Ponzi scammer? MicroStrategy is a legit company! Let's stop pointing fingers. This is wild.
Lol, right? If Saylor was your crypto savior during the bull run, better start taking a hard look now. He’s not the messiah, just a guy caught in a messy situation. But hey, let's keep the outflows coming; I’m not scared.