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Today, looking at the situation of the ETF funds, I see red covering the entire week. Honestly, it seems quite tense.
As the saying goes, evidence speaks for itself. The Bitcoin ETF has been seeing massive withdrawals lately, hitting a streak of 7 consecutive negative sessions. Just this week alone, all 5 sessions were in the red with total sell-offs reaching 1.8 billion USD – including a record day where over 691.7 million USD was pulled out. It is precisely because of this massive outflow that BTC's price was dragged down from 65,000 USD to 58,000 USD, matching perfectly without any deviation.
But it's not just Bitcoin. The Ethereum ETF also suffered the same fate with a continuous streak of 7 negative sessions, with capital outflows totaling 273.5 million USD.
Amidst a whole week where everyone was feeling down, luckily, a rare bright spot appeared on June 25. The HYPE ETF unexpectedly reversed the trend, recording a record positive inflow session, bringing in an additional 108.1 million USD.
That's the actual situation these days, folks. Seeing the numbers drop is really heartbreaking, but oh well, let's just calmly keep watching and see what happens!