NYDIG: ETF outflows, stablecoin capital changes, and DAT reversal indicate capital flight from encryption.

Golden Finance reports that Greg Cipolaro from NYDIG stated that the fall in Bitcoin prices is driven by market structural mechanisms rather than emotional dominance, and the key sources of demand are reversing. Spot Bitcoin ETF continues to see capital outflows (outflow of 3.55 billion USD in November), while stablecoin supply is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he maintains a long-term bullish outlook and advises investors to be prepared for fluctuations.