The probability of betting on Bitcoin returning to $115,000 and Ethereum returning to $5,000 on the prediction market Myriad is close to a 50% Slump.

The U.S. Spot Bitcoin ETF ended five consecutive days of capital outflow on November 19, with a net inflow of $75.47 million, indicating potential signs of market stabilization after a period of sustained dumping. This rebound was primarily led by BlackRock's IBIT, which contributed $60.61 million in inflows, contrasting sharply with the record $523.15 million in outflows on Tuesday (data from SoSoValue). Following closely was Grayscale BTC, which received $53.84 million in inflows.

The inflow of these funds marks a possible shift in bearish sentiment in the market against the backdrop of macroeconomic uncertainty. Since the second week of October, macroeconomic uncertainty has led to continued negative capital flow. Experts have previously stated that the recent five-day consecutive drop highlights the increasingly cautious attitude of institutional investors, as the market transitions from a momentum phase to a more cautious phase, driving market sentiment into a state of panic.

Wali Makokha, Chief Product Officer of Mansa, stated that although the capital outflow is significant, it should be viewed in the context of the massive influx of funds into ETFs this year: “This year we have seen a large inflow of funds into U.S. spot Bitcoin ETFs, with a net inflow of over $60 billion since their launch, so a few days of capital outflow does not mean the market has collapsed. What has really changed is the market backdrop: Bitcoin prices have fallen back after a significant rise to new highs, while interest rates remain high.”

Concerns about the market recovery still exist, with VanEck's HODL and Fidelity's FBTC seeing capital outflows of $17.63 million and $21.35 million, respectively. Users on the market Myriad reflect this uncertainty and pessimism, with the probability of Bitcoin reaching $115,000 and Ethereum returning to $5,000 dropping from over 60% last week to 35% and 38%, respectively. (Decrypt)