ETF outflows do not equal selling across the entire market
Recently, there have been quite a few reports of BTC outflows
BTC dropped 4000 points before starting to rebound📈
Now there are again reports of large BTC and ETH ETF outflows📉
Currently, ETFs are experiencing outflows, yet BTC is rebounding
So who is buying? Who is selling?
Selling ETFs does not mean the whole market is selling
Many see ETF net outflows of $635 million
and assume institutions are bearish on Bitcoin
But that's not the case
ETFs are only a part of the market
While some sell ETFs
others may be buying spot on exchanges
or funds might be operating in the futures market
Outflows in one part of the market
do not mean all buying pressure has disappeared
So you can't just focus on ETFs
and conclude that BTC must fall
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