OSL Trading Hours: Market highlights contradictory investor sentiment, Bitcoin ETF sees nearly $300 million in outflows

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MetaEra
2 days ago
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OSL Trading Moment: Market Reveals Contradictory Investor Sentiment, Bitcoin ETF Sees Nearly $300 Million Outflow

1. Market Observation

Keywords: ETH, ETF, BTC

Bitcoin climbed to $99,500 but then continued to fall back, currently dropping below $94,500, while the market is also facing challenges, with the US Bitcoin ETF seeing nearly $300 million in outflows.

Institutional attitudes are also polarized. While some companies continue to build Bitcoin reserves, tech giants like Microsoft hold opposing positions. It is worth noting that Nexo and 7RCC Global are taking a different path, launching ESG-oriented Bitcoin ETFs. Faced with market volatility, Pomp Investments founder Anthony Pompliano remains optimistic, expecting Bitcoin to perform strongly by 2025.

The Ethereum market also shows signs of recovery, with buying momentum gradually increasing. Although the price still faces significant downward pressure, institutional investors, especially large investors, are showing growing interest. During this period, the entire cryptocurrency industry continues to develop rapidly, with Bitcoin still maintaining a dominant market position. However, Bitcoin's failure to firmly hold the $100,000 level has raised market concerns about a potential correction.

At the same time, investment enthusiasm in the cryptocurrency field remains unabated. Halliburton, through its subsidiary 360 Energy in Austin, has invested in Bitcoin mining, while Chinese car dealer Cango plans to expand its cryptocurrency business. Bitcoin investment in the United Arab Emirates has even reached a historic high of $40 billion. As author Robert Kiyosaki acknowledges, although the digital age has arrived, traditional financial institutions still face many challenges.

Overall, the performance of the Bitcoin and Ethereum markets reflects the contradictory sentiment of investors, with both expectations of breaking new highs and concerns about the risk of correction.

2. Key Data (as of 10:25 HKT on December 23)

  • S&P 500: 5,930.85 (+20.74% YTD)

  • Nasdaq: 19,572.60 (+30.55% YTD)

  • 10-year US Treasury yield: 4.532% (+64 bps YTD)

  • US Dollar Index: 107.73 (+6.26% YTD)

  • Bitcoin: $95,487.38 (+119.0% YTD), with a daily spot trading volume of $43.499 billion

  • Ethereum: $3,330.05 (+45.70% YTD), with a 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

The Christmas holiday is approaching, with the Hong Kong stock market and many European financial markets closed for two and a half days starting on Tuesday (24th), and the US stock market closed for one and a half days.

5. Hot News

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

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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