Crypto ETF Money Dem Don Comot Reach $505M, E Dey Pressurize BTC & ETH
For end of September, crypto ETF flows turn sharp negative, big Bitcoin and Ethereum funds dem record serious money withdrawal for two main sessions. On September 22, Bitcoin ETFs withdraw $363.2M and Ethereum ETFs $75.9M, total $439.1M. Three days after, September 25, Bitcoin ETFs record $253.4M net outflow but Ethereum ETFs add $251.2M, total outflow be $504.6M—one of the biggest single day withdrawals this year. These crypto ETF outflows show say investor demand dey weak and market mood dey bearish. Traders suppose dey watch ETF flows well well as signs of liquidity and possible drop pressure for BTC and ETH prices as market still dey uncertain.
Bearish
Di stop, big big money wey dey flow commot for Bitcoin and Ethereum ETFs dey show say investors no too wan buy again and e dey make sellers pressure for BTC and ETH increase. E don be like say anytime ETF money dey flow out, price dey go down for short time and market dey shake well well. Di withdraw wey happen one after di oda for September 22 and 25—wey total pass $900 million—show say market plenty bearish feeling. Traders fit feel pressure to sell soon, but how e go be for long run depend on whether market mind go calm down or change direction.