#比特币价格走势 has observed a record outflow from Bitcoin ETFs in a single month, reflecting a significant shift in market sentiment. The outflow of $3.7 billion exceeds the previous high in February this year, suggesting that investors are cautious about the short-term market outlook. Combined with data showing Bitcoin prices have fallen more than 35% from the $126,000 high, it can be inferred that institutional investors are adjusting their allocation strategies.

This large-scale capital outflow may further exacerbate market volatility. From on-chain data, it is important to closely monitor the trading behavior of large wallet addresses, especially to see if there are any unusual transfers by long-term holders. At the same time, tracking options pricing and funding rates in the derivatives market is also worthwhile to assess market expectations for the future.

Although the short-term trend is under pressure, such extreme sentiment often signals potential reversal opportunities. It is recommended to continue monitoring on-chain indicators such as MVRV and NUPL to look for investment opportunities near historical lows. For strategic decisions, a comprehensive analysis combining macroeconomic environment, regulatory trends, and other multi-dimensional factors is needed.