Bitcoin ETF Flow (US$ million) – 2024-08-02
TOTAL NET FLOW: -237.4 (Provisional data)
IBIT: 42.8 FBTC: -104.1 BITB: -29.4 ARKB: -87.7 BTCO: 0 EZBC: 0 BRRR: 0 HODL: -23 BTCW: 0 GBTC: -45.9 BTC: 9.9
Ethereum ETF Flow (US$ million) – 2024-08-02
TOTAL NET FLOW: -54.3 (Provisional data)
ETHA: 0 FETH: 6 ETHW: 0 CETH: 0 ETHV: 0 QETH: 0 EZET: 1.1 ETHE: -61.4 ETH: 0
Source: https://x.com/FarsideUK/status/1819580399166652662
The current market sentiment looks bearish and moving price further down with Iran/Israel escalation. I think it’s probably going to be another month of high volatility where longs and shorts get rekt on both sides, the best play right now would be spot. Buy more spot BTC and wait for sentiment to change and ride with the waves.
submitted by /u/Silver-Maximum9190
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