#比特币价格预测与投资主题 Seeing this analysis report, I feel a bit uneasy. ETF net outflows of 24,000 BTC - what does this number tell us? It shows that those once most steadfast institutional buyers are withdrawing.

Weak demand - these are the three words I fear most hearing. Because I've seen prices go up and down, but demand exhaustion means there are no new buyers to take over, and at this point even the best technical patterns become paper tigers. Breaking below the 365-day moving average is also not a good sign - historically this position has often been a true confirmation signal for a bear market.

The traders I'm following have already started adjusting their positions. Some aggressive ones are going completely flat to observe, while the more conservative ones are executing defensive position reduction. My strategy is like this: first reduce the copy-trading ratio from standard position to around 70%, while simultaneously raising the stop-loss to near recent highs - better to make a little less profit than to get trapped.

The key is to watch whether new demand emerges next. If institutions continue net selling and retail investors follow suit in panic selling, then this trend could really reverse. But don't be too pessimistic either - historically someone always catches the bottom, the question is who dares to bet when demand is weakest.

Continue observing, waiting to see if there are any reversal signals from smart money before taking action.