#比特币ETF Seeing this set of data is quite interesting—ETF net outflows over two weeks approaching $1 billion, on-chain funds have already net flowed out to -$4.5 billion. A short-term rebound is indeed possible, but the pitfalls here need to be carefully considered.

The key question is: what is driving the rebound? If it's just leverage playing around, then it's a classic "chasing highs and getting trapped" trap. Recently, I've been observing several medium-risk traders, and their strategies are worth referencing—in this kind of environment with capital outflows, it's better to miss the rebound than to greedily chase a short-term rally.

In fact, this is somewhat similar to the rhythm of 2021, when I saw many followers get caught in a "dead cat bounce" because there was no spot demand support, making the rebound particularly fragile.

My advice is: if you're following a top trader, now is the time to see whether they are adding to their position or closing it. In the context of continuous capital outflows, the logic for daring to hold or add positions must be strong enough. Otherwise, instead of chasing this rebound, it's better to wait for clearer bottom signals. Those with aggressive risk preferences can try a small position, but heavy positions? Better to wait a bit.