#加密货币ETF发展 Bitcoin ETFs saw a record outflow of $3.7 billion in a single month, reflecting weak market sentiment. Data shows that this wave of selling pressure mainly comes from short-term speculative funds. In the long run, the continued inflow of institutional funds into assets like ETH and SOL indicates a structural change in the market. It is recommended to pay attention to the impact of US macroeconomic data on market sentiment, as well as the capital flow patterns among major cryptocurrencies. Currently, the market is in a volatile adjustment phase, so investors should operate cautiously and keep an eye on risks.