Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Over the past few weeks, the price movements of Bitcoin-related assets have become quite unstable. It seems that yesterday, institutional investors withdrew more than $170 million in Bitcoin ETFs all at once. That was the largest single-day outflow in the past three weeks.
When looking at Bitcoin-related assets as a whole, there has been considerable selling pressure throughout this month. The price has been trading around $74,000, but what worries me is that it’s become harder to buy back after this outflow news came out. The 24-hour trading volume is also around $550 million—so, it’s roughly at an average level.
Since the total market capitalization across the entire market is over $148 trillion, I don’t think it would collapse significantly just from a single outflow. However, people who hold Bitcoin-related assets may want to pay attention to these moves by institutional investors. How the ETF’s fund inflows and outflows develop in the future could be one key point.