火星财经消息，Deribit 亚太商务负责人 Lin Chen 于 X 表示：“近一周 BTC 的现货 ETF 持续净流出，净流出总量达 8.779 亿美元（昨天 6 月 19 放假 1 天）。市场在近期进入调整阶段，接下来暑期很多交易员出去度假躺平，购买力预计会继续降低，可能会持续到 8 月下旬。”

<div>火星财经消息，Deribit 亚太商务负责人 Lin Chen 于 X 表示：“近一周 BTC 的现货 ETF 持续净流出，净流出总量达 8.779 亿美元（昨天 6 月 19 放假 1 天）。市场在近期进入调整阶段，接下来暑期很多交易员出去度假躺平，购买力预计会继续降低，可能会持续到 8 月下旬。”</div>

Deribit亚太商务负责人：市场近期进入调整阶段，购买力降低或持续到8月下旬

According to Mars Finance, Lin Chen, head of Asia Pacific business at Deribit, said on X: "In the past week, BTC spot ETFs have continued to have net outflows, with a total net outflow of US$877.9 million (Yesterday, June 19, there was a one-day holiday). The market has entered a period of adjustment recently. In the coming summer, many traders will go out for vacation and lie down. Purchasing power is expected to continue to decline, which may last until late August."

<div>According to Mars Finance, Lin Chen, head of Asia Pacific business at Deribit, said: &quot;In the past week, the spot ETF of BTC has continued to have a net outflow, with a total net outflow of US$877.9 million (Yesterday, June 19, there was a one-day holiday). The market has entered a period of adjustment recently. In the coming summer, many traders will go out for vacation and lie down. Purchasing power is expected to continue to decline, which may last until late August.&quot;</div>

Deribit Asia Pacific Business Director: The market has recently entered a phase of adjustment, and the decline in purchasing power may continue until late August

Odaily Odaily News: Lin Chen, head of Asia-Pacific business at Deribit, said on X that today's largest BTC bulk option transaction: a large investor paid $956,000 to buy a $64,000 put option at the end of June, and also bought a $66,000 call option at the end of June, totaling 312.5 BTC. This move is to long on volatility.

Deribit BTC block options buy $64,000 put options and $66,000 call options at the end of June

Long-term Bitcoin holders and miners have been among the biggest sellers over the past two weeks.

Bitcoin went sideways, with whale selling over $1 billion worth of BTC in two weeks

Odaily Odaily News: According to a report released by the analysis agency Bernstein, the participation share of institutions in the spot Bitcoin ETF is only 22%, and the increase in the liquidity of CME Bitcoin futures contracts after the launch of the ETF is evidence of underlying trading. What the short sellers ignore is that the Bitcoin ETF is about to be approved on major securities companies and large private bank platforms in the third or fourth quarter of this year. Although the US spot Bitcoin ETF has now experienced four consecutive days of net outflows, totaling US$714.4 million, and another US$154.4 million outflow on Tuesday, Bernstein analysts expect net inflows to accelerate again. Analysts wrote: We expect inflows into Bitcoin ETFs to accelerate again in the third/fourth quarter, and the current turbulent market is providing new entry points, after which institutional demand will usher in the next round of recovery. (Theblock)