【Core Data Overview】

BTC: Continuous net outflow for two days, with a single-day outflow of 225 million (scale expanded), cumulative net inflow of 55.93 billion, institutional risk aversion sentiment rising

ETH: Continuous net outflow for 8 days, with a single-day outflow of 48.54 million (scale narrowed), cumulative net inflow of 11.52 billion, funds still withdrawing

Overall: The dual outflow pattern continues, BTC outflow intensifies, institutional funds remain generally cautious

【Core Risk Reminder】

Short-term: BTC accelerated outflow + ETH continuous withdrawal, suppressing bullish sentiment, increasing risk of volatility and correction

Long-term: BTC cumulative net inflow remains at a high level, limited downside space; ETH cumulative net inflow continues to shrink

Volatility: Continuous outflow of funds may easily trigger pin washing, increasing operational difficulty

【Trading Reference】

Operation: Avoid chasing highs and bottom fishing, it is prudent to wait for signals of a reversal in fund flows

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