Yesterday, there was an interesting phenomenon in the crypto market: Bitcoin spot ETF experienced nearly $400 million in net outflows in a single day, while Ethereum ETF saw a slight net inflow during the same period.

What is behind this set of contrasting data? Are large funds temporarily avoiding risk, or is the market structure quietly changing?

From the perspective of capital flows, Bitcoin's position as a market indicator seems to be subtly shifting. A single-day net outflow of $400 million is not a small amount, especially in the context of increasing participation from institutional investors. Such data often reflect the true sentiment of the market.

Looking at the net inflow of Ethereum ETF, although the magnitude is limited, the difference compared to Bitcoin is worth noting. This may suggest that some investors are adjusting their allocation structures or that expectations for certain sectors are changing.

The core secret to surviving in the crypto world is to keep pace with capital flows. When leading funds start to move with differentiation, it often indicates that the market is brewing for the next phase of rhythm change. How the subsequent trend unfolds still depends on what the upcoming data will reveal.