2026-01-21 06:22:30

The cryptocurrency market has been continuously weakening recently, with negative sentiment spreading everywhere. The performance of US spot ETFs has been particularly poor — Bitcoin ETFs saw a net outflow of $480 million yesterday, and Ethereum ETFs also experienced outflows of $230 million. The ETHA fund under BlackRock experienced the most significant outflows, indicating ongoing institutional capital withdrawal.

On-chain data more accurately reflects market chaos: large BTC and ETH transfers are frequent, whale accounts are being liquidated under high leverage (BTC OG lost nearly $100 million in a week), but at the same time, some are bottom-fishing on coins like UNI. Both bulls and bears are engaged in fierce battles, and the market is searching for a balance point.

Interestingly, Galaxy recently announced the launch of a $100 million hedge fund, indicating that professional capital is closely watching this wave of volatility. The current Fear & Greed Index is only 25, indicating extreme fear. In the short term, capital outflows and panic sentiment are indeed dominating the market, but the bottom-fishing behavior of whales suggests that there should be some support levels below.

ETH-6,41%

BTC-3,19%

UNI-2,19%

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PoolJumper

· 5h ago

BlackRock is running, institutions are panicking, but look at the whales—still quietly accumulating... This wave feels like the final winner for the foodies again.

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MetaMaximalist

· 5h ago

lmao the FUD is real but honestly? when you see whales accumulating at these levels, it's just classic adoption curve mechanics playing out. institutional capital pulling back is textbook—they're just repositioning for the next phase. UNI accumulation signals something, ngl

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HashBard

· 5h ago

the institutional exodus reads like a shakespearean tragedy tbh... blackrock dumping while whales are still loading the dip. that fear gauge at 25? chef's kiss for contrarians ngl

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BearMarketNoodler

· 6h ago

BlackRock is running, Galaxy is bottom-fishing, this round is really testing who has the stronger psychological resilience. --- The panic index of 25 has scared away retail investors, but whales are eating up chips at low levels. The gap is truly heartbreaking. --- ETF outflows amount to billions, but does anyone dare to take over UNI? Either they are fools or they genuinely believe in the upcoming market trend. --- Institutional funds retreat, so what if they do? There is support below anyway, why panic along with them? --- BTC OG lost 100 million but still dares to continue betting, now that's the spirit of a gambler. I can't learn that. --- Galaxy invested 100 million and claims that professional capital is optimistic. Ha, that statement is just too fabricated. --- When everyone is shouting bear market, the real opportunity is actually brewing. The key is whether you dare to act.

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zkProofInThePudding

· 6h ago

BlackRock is running again, now all the institutions are panicking, and the bottom signals are becoming clearer.

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ContractTearjerker

· 6h ago

Wow, are the institutions really running away? Or are they waiting for the bottom? Galaxy's 100 million fund feels like they're betting that this decline has reached its end.

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