No "Buy the dip" in the US! Bitcoin ETF sees net outflow of nearly $60 million yesterday.

According to Farside statistics, on 4/16, GBTC had a net outflow of approximately $80 million, while ARKB had a net outflow of around $13 million. Although other ETFs showed net inflows, they were only in the range of a few million dollars. It is understood that the yet-to-be-released BlackRock IBIT also only had an inflow of $26 million, resulting in an overall net outflow of nearly $60 million.

According to Farside statistics, on 4/16, GBTC had a net outflow of approximately 80 million USD, while ARKB of Grayscale had a net outflow of around 13 million USD. Although other ETFs showed net inflows, they were only in the range of a few million USD. It is understood that the yet-to-be-announced BlackRock IBIT also had only 26 million USD inflow, resulting in an overall net outflow of nearly 60 million USD.

Analysts from 10x Research believe that in the United States, there is no "Buy the dip" mentality, with a decrease in ETF buying interest. Trading volume in the Korean market, a speculative indicator, has declined, and the meme coin craze has cooled off. SOL has quietly dropped by 30% in a month, leading them to maintain a wait-and-see attitude. 10X Research suggests clearing technology stocks and cryptocurrencies, and will re-enter the market at lower levels.