Red Alert! BTC ETF evaporates $1.79 billion in a single week, ranking third in history! Oversold 457 million yuan in 1 hour

The Bitcoin spot ETF had a net outflow of $1.79 billion last week, setting a record for the third highest weekly outflow in history, second only to the two extreme redemption waves after the FTX crash and LUNA crash. Combined with a single day outflow of $696 million and 8 consecutive days of net outflows, BlackRock IBIT led the decline, with cumulative outflows soaring to $12 billion; ETH ETF has had a net outflow of 273 million for 7 consecutive weeks. According to AiCoin data, BTC is currently trading at 58999 USDT, having repeatedly fallen below the key support of 59000 in the past 24 hours. Within an hour, the entire network experienced a $457 million sell-off, with many orders being heavily liquidated; BTC retreated 53% from its high point, with 10.83 million loss chips reaching a historic high, and Strategy's cash reserves decreasing by 38%. Strategically, we will firmly not accept any flying knives after breaking through the position. 59000 yuan has already changed from support to resistance, and looking down at 57000 yuan/54000 yuan, we will reduce the volume and stabilize before opening more; Mid line focus on ETF fund flow shift and Clarity Act vote; Long term institutional holdings are interconnected with BlackRock Aladdin+Ethena, and the narrative of central bank de dollarization remains unbroken. The contract must control the warehouse by no more than three times. Risk Warning: The content of this article only represents the author's personal views and does not represent the position of this platform. The views, conclusions, and recommendations in the article are for investors' reference only and do not constitute any investment advice related to this platform. The market is risky, and investment needs to be cautious.