OSL trading moment: The market highlights the contradictory emotions of investors, with nearly $300 million in outflows from Bitcoin ETFs.

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OSL Trading Moment: Market Highlights Contradictory Investor Sentiment, Nearly $300 Million Outflow from Bitcoin ETF

1. Market Observation

Keywords: ETH, ETF, BTC

After Bitcoin climbed to $99,500, it continued to retreat and is now below $94,500, with the market facing challenges as nearly $300 million has flowed out of the U.S. Bitcoin ETF.

Institutional attitudes are also polarized. While some companies continue to build Bitcoin reserves, tech giants like Microsoft hold opposing views. Notably, Nexo and 7RCC Global have taken a different approach by launching ESG-oriented Bitcoin ETFs. In the face of market volatility, Pomp Investments founder Anthony Pompliano remains optimistic, expecting strong performance for Bitcoin in 2025.

The Ethereum market is also showing signs of recovery, with buying momentum gradually increasing. Although prices still face significant downward pressure, interest from institutions, especially large investors, is rising. During this period, the entire crypto industry continues to develop rapidly, with Bitcoin maintaining its market dominance. However, Bitcoin's failure to hold the $100,000 mark has raised concerns about a potential pullback.

At the same time, investment enthusiasm in the crypto space remains high. Halliburton is investing in Bitcoin mining through its Austin-based subsidiary 360 Energy, and Chinese car dealer Cango plans to expand its crypto business. Bitcoin investment in the UAE has reached a historic high of $40 billion. As author Robert Kiyosaki acknowledges, despite the arrival of the digital age, traditional financial institutions still face many questions.

Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictory sentiment of investors, with both expectations for new highs and concerns about pullback risks.

2. Key Data (As of December 23, 10:25 HKT)

  • S&P 500: 5,930.85 points (up 20.74% year-to-date)

  • Nasdaq: 19,572.60 points (up 30.55% year-to-date)

  • 10-Year U.S. Treasury Yield: 4.532% (up 64 basis points year-to-date)

  • U.S. Dollar Index: 107.73 (up 6.26% year-to-date)

  • Bitcoin: $95,487.38 (up 119.0% year-to-date), daily spot trading volume of $43.499 billion

  • Ethereum: $3,330.05 (up 45.70% year-to-date), daily spot trading volume of $22.795 billion

3. ETF Flows (December 20 EST)

  • Bitcoin ETF: -$277 million

  • Ethereum ETF: -$75.1159 million

4. Important Dates

With the Christmas holiday approaching, Hong Kong stocks and financial markets in several European countries will be closed for two and a half days starting Tuesday (24th), while U.S. markets will be closed for one and a half days.

5. Hot News

Supported by OSL - Hong Kong's largest over-the-counter trading platform, continuously providing regulated digital asset services to the market since 2018.

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