In recent days, ETF has experienced an outflow of another $83.27 million, marking the fifth consecutive day of net redemptions, totaling over $750 million. Among them, FBTC outflows amounted to $74.38 million, accounting for the majority, while GBTC also saw an outflow of $8.89 million. Other ETFs remained relatively stable.

BTC has yet to return to $88,000, still far from $90,000, indicating that market funds are noticeably cautious.

ETFs are also not doing well, with approximately $148 million flowing out on December 23 and 24, bringing total net assets down to $17.86 billion. Continuous redemptions suggest many investors are taking profits. In the short term, BTC and ETH may continue to fluctuate or experience small corrections. We should pay close attention to capital flows and trading volume, as these can help you judge the next market trend.