After Bitcoin broke below the weekly rising trend line, the net outflow of funds from ETF institutions increased. When the BTC price rebounded, the net inflow of funds was pitifully low.
December welcomes the Federal Reserve's interest rate hike meeting and the release of some key data, while also ushering in the Christmas holiday. Wall Street institutions will be on holiday, and these uncertainties will accelerate the volatility of BTC prices in December.
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ETF institution fund flow records:
After Bitcoin broke below the weekly rising trend line, the net outflow of funds from ETF institutions increased. When the BTC price rebounded, the net inflow of funds was pitifully low.
December welcomes the Federal Reserve's interest rate hike meeting and the release of some key data, while also ushering in the Christmas holiday. Wall Street institutions will be on holiday, and these uncertainties will accelerate the volatility of BTC prices in December.
The BTC market in December will not be good!