The daily Bitcoin (BTC) chart has been registered by the Bear Three-Fed Mouse Mouse in the last three days, taking BTC value outside the long-term range from 110,000 to 90,000 USD.

Over the past 24 hours, Bitcoin has tested the gate value, but BTC tries to determine the stubborn rush from a low range of USD 82,000.

Spot Bitcoin ETFS bleeds $ 3.4 billion in February

Between February 24 and 27, Bitcoin registered significant payments of 12.48%, accompanied by an extensive period of ETF BTC outflows. Data from Sosovalue pointed This week, the ETFS ETFS market has registered an outflow of $ 2.4 billion, and from the very beginning registers the largest ETF outflow of $ 1.13 billion BTC in the amount of $ 1.13 billion.

In general, the ETF Spot BTC market certified drain in the amount of $ 3.4 billion in February.

The demand for the BTC ETF point fell during correction this week, and the cryptographic analyst Adam suggested historical data points to reverse prices when there were great influence of ETF or outflow.

Adam indicated That in 14 cases of significant influx or drains the price of bitcoins adapted to the direction of these flows only once. This infrequent event took place on November 7 after Trump’s victory, when price increases and a significant influx were observed.

Adam said

“In general, people see a large red number and begin to sell panic or vice versa, which ultimately sends the market in the opposite direction.”

Similarly, the salesman believed that the “relieved relief” should be around the corner. However, Zheer, an anonymous market analyst, said that the current drop in point prices and net flow of ETF was potentially due to the basis of Futures CME contracts below 5%.

Analyst explained The fact that the majority of market participants developed their positions after breaking the range of risk -free rates. The gradual decrease in the open percentage of CME Futures revealed the low trust of investors, which is also evidenced by bonuses with low borea contracts.

Related: Key Metric shows that Bitcoin has not reached the summit, he has a stubborn year: an analyst

Bitcoin Fear & Greed Index transfers the investor

Cointelegraph announced that the Crypto Fear & Greed indicator reached the lowest level from 2022, introducing a score of 10 into “extreme fear”. According to Ben Simpson, the founder of Collective Shift, the current conditions can be the possibility of buying, because the basic strategy of buying in extreme fear and sale of greed was a profitable move.

However, Axel Adler Jr, market researcher on the market, pointed out that the 30-day average movable bitcoin Fear & Greed Index did not fall below 50. Percentile.

Adler explained The fact that 30DMA fell below 50. Percentile, historically signaled the reversal of bitcoins and trends up, but the current indicator remains above this level. Adler suggested that the best way to act is to “wait” and see how market trends in the coming days.

Related: Blackrock Bitcoin Fund throws USD 420 million because ETF lost the band 7 Day

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.