Bitcoin ETFs’ 30D-SMA Net Inflows Turn Negative, Indicating Liquidity Tightening as Institutional Participation Dips

The Federal Reserve's recent hawkish rate cut has introduced additional near-term uncertainty to market sentiment. Diverging macro policy directions, combined with delays in key U.S. economic data due to the government shutdown, have amplified short- to medium-term market volatility and pressured liquidity across global risk assets. Recently, the broader crypto market has remained subdued, with capital rotating toward traditional assets and performance lagging behind U.S. equities. The market may be entering a consolidation phase with sideways price movement and shifting market narratives. Against the backdrop of limited visibility on short- to medium-term market direction, current recommendations continue to focus on wealth management products, with an emphasis on conservative risk control.