The BTC ETF is experiencing a "death spiral" ⚠️: From $170 billion to less than $100 billion, a 40% loss (approximately $80 billion).
Looking back at the promising year of 2024, the high hopes of crypto natives for the Bitcoin ETF:
What we wanted was "decentralized gold," but what we've received now is "casino chips controlled by Wall Street."
Even more alarming is the acceleration—a net outflow of $1.6 billion in January, followed by $360 million in the first week of February, with a single-day peak of $545 million.
Key signal: The average cost of the ETF is $84,000-$88,000, while BTC is currently priced at $65,000-$70,000, meaning all ETF investors are collectively experiencing a 15-25% loss.
When redemptions trigger a sell-off, the sell-off leads to more redemptions, and once this positive feedback loop forms, the $60,000 level may be far from the bottom.
Can your position hold up?
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