2025-12-30 06:00:19

#数字资产市场动态 The end-of-year crypto market experienced a massive withdrawal of institutional funds, with spot ETF net outflows soaring to $120 million in a single day. The two major flagship products, BlackRock IBIT and Grayscale GBTC, both recorded fund outflows, becoming the main drivers of market decline. The correction in the US stock technology sector also added to the crypto market's woes.

The underlying logic is quite straightforward—institutions are looking to lock in gains at year-end. During the last two trading days of 2025, year-end operations such as portfolio rebalancing and tax-loss harvesting are concentrated, and with liquidity still not fully recovered after the Christmas holiday, institutions are choosing to reduce risk exposure and lock in annual gains. Data shows that BTC ETFs have been experiencing continuous net outflows for several days; every $1 billion withdrawn can on average lower Bitcoin's price by 3.4%, creating a vicious cycle of "capital fleeing → price falling."

But don’t be too pessimistic; this is more of a seasonal routine adjustment rather than institutions turning truly bearish. Currently, ETF holdings still contain 1.36 million BTC, accounting for 7% of the total circulating supply, indicating that long-term institutional demand remains unchanged. The key risk now is the continued high correlation between US tech stocks and assets like $ETH and $BTC, which could transmit volatility. In an environment of tightening liquidity, price fluctuations will become more pronounced. It is recommended to control leverage, focus on core assets, and wait for signals of capital returning after the holiday.

BTC0,7%

ETH0,59%

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liquidation_watcher

· 01-01 04:13

Here we go again? The institution’s year-end clearing show is still ongoing. --- Still holding 1.36 million BTC, don’t just pretend to be bearish and call it a day. --- Should have reduced positions in December, now it’s too late to regret. --- Liquidity... After the holiday, it instantly recovers, no need to panic. --- Every time you withdraw 1 billion, it drops by 3.4%? I need to calculate how much more needs to flow out to reach the bottom. --- The thing about tech stocks dragging down crypto is endless. When will decoupling happen? --- Controlling leverage is like advising a gambler not to go all in... Saying it is the same as not saying anything. --- Seasonal adjustment? Sounds more like shifting blame and making excuses. --- Let’s wait until after the holiday; it should bounce back then. --- Why does a 7% holding seem to be getting more and more passive?

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NotFinancialAdvice

· 2025-12-31 22:30

It's that season again for institutions to cut the leeks; the tricks are still the same old tricks.

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GateUser-3824aa38

· 2025-12-30 06:30

It's that time of year again for the old trick of cutting leeks at year-end. The institutions' recent withdrawal has been quite aggressive. Wait, 1.36 million BTC are still remaining? That indicates they're not really bearish; they just want to buy cheap.

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StablecoinSkeptic

· 2025-12-30 06:29

Big institutions harvesting profits at the end of the year, I don't understand why some people are still optimistic It's the same old rhetoric, waiting for funds to flow back after the holiday... When was the last time they said that? Is this really just seasonal, or does it feel a bit forced? 1.36 million tokens sounds like a lot, but considering that a 7% holding can cause this kind of movement, how poor must the liquidity be?

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WhaleWatcher

· 2025-12-30 06:12

Year-end big leek-cutting show, the selling pressure from institutions is so strong Institutional cash-out is like this, they run away really fast Still holding 1.36 million BTC, what are you panicking about, everyone Wait until after the Spring Festival, and you'll see the funds come back US stocks and crypto plunging together, the correlation is truly incredible

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GasWaster69

· 2025-12-30 06:09

The end-of-year wave of cutting leeks is really impressive, institutions are fleeing so quickly Institutions cash out and we have to take the hit, this script is the same every year 1.36 million BTC in hand, this is truly the real stabilizer, right? But to be honest, liquidity is really disgusting, as soon as there's a panic, everything collapses Wait, a 5% drop in tech stocks can drag down the crypto circle so hard? The internet is really too close to money

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