Recently, I saw data about Bitcoin and Ethereum spot ETFs. Yesterday, there was indeed a significant outflow of funds, with Bitcoin experiencing a net outflow of $158.3 million and Ethereum $75.9 million. Moreover, BlackRock's products saw a substantial decline. Many people’s first reaction to these numbers is panic—thinking the market will fall, crash, and they need to run away quickly. But after years of trading, I’ve learned one habit: don’t be scared by surface numbers; dig deeper into on-chain data and the true market rhythm.

First, regarding the ETF fund outflows, this is a real occurrence. In the short term, it will indeed create selling pressure, and prices may face a correction. But is the story over here? No. I checked the on-chain data and found something interesting—large Bitcoin holding addresses have actually been quietly buying in these days. There’s no sign of abnormal spikes in on-chain transaction volume, indicating that whale-level funds haven't moved. Ethereum is even more interesting: gas fees have dropped to low levels, on-chain activity remains stable without chaos, and the developer community is continuing their work as usual. What does this signal? It’s very likely that institutional outflows are just short-term repositioning, and the real buyers—retail investors and whales—are still lurking in the shadows.

Looking at the broader market context, there haven’t been explosive negative news from regulators recently. The Federal Reserve has also signaled a possible slowdown in rate hikes, which is a positive for risk assets. Combining these factors, although short-term ETF outflows may cause a pullback, I actually see this as a good sign in the medium to long term—net fund outflows can make the market healthier, as floating chips are washed out, and the subsequent upward momentum will be stronger.

My conclusion is this: the current dip is essentially an opportunity to get in. Especially if Bitcoin approaches previous lows, you can buy in batches for a bottom-fishing. Ethereum will follow Bitcoin’s rhythm, but its own ecosystem strength is here, so there’s no need to trade in and out frequently—just hold. Trading is about data-driven decisions; emotional trading is the easiest way to lose money. Based on on-chain logic and market analysis, I maintain this view: be cautious in the short term, but bullish in the medium term. Don’t let emotions dominate your decisions; following the herd to cut losses is the fastest way to lose money.