ETFs face a net outflow of 500 million yuan in May, with all nine funds experiencing losses, marking the first outflow of funds for BlackRock's iShares IBIT.
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The U.S. Bitcoin ETF has faced net outflows for six consecutive trading days, with over $500 million in net outflows on 5/1. All nine ETFs are in a state of net outflows.
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Key Entry Price: 57,300
According to analysts, the average entry price for ETF buyers is 57,300. If the price remains below this level, the market may face further liquidation, possibly reaching price levels of 55,000 to 52,000.
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