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Saxo Bank: With the surge in ETF capital outflows, the cryptocurrency dumping wave has intensified.
According to Mars Finance, market news suggests that a strategist from Saxo Bank stated that due to nearly 900 million dollars of funds flowing out of spot Bitcoin ETFs, the dumping of Crypto Assets is accelerating, with the outflow from the iShares Bitcoin Trust being the most severe. The performance of the iShares Ether ETF also remains weak. The uncertainty of Fed policy, mixed U.S. employment data, and reduced market liquidity have further intensified the selling pressure in the crypto market.