glassnode: Since early November, continuous ETF outflows indicate a phase of reduced institutional participation and partial withdrawal.
According to Odaily, glassnode posted on X that since early November, the 30-day moving average (30D-SMA) of net inflows for bitcoin and ethereum ETFs has turned negative and has remained so. This sustained trend indicates a phase of reduced participation and partial withdrawal by institutional participants, further intensifying the overall liquidity contraction in the crypto market.
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