2025-12-25 14:26:16

The Christmas Eve crypto market is not calm. According to on-chain data, on December 24th Eastern Time, Bitcoin spot ETF experienced a significant outflow of funds, with a total net outflow of $175 million in a single day.

Who is the main actor behind this outflow? BlackRock's IBIT has undoubtedly become the focus — with a single-day net outflow of $91.37 million, nearly half of the total outflow. But there is an interesting detail: since its launch, IBIT has accumulated a net inflow of $62.249 billion, remaining an important tool for institutional Bitcoin exposure.

Grayscale's GBTC followed closely, with a net outflow of $24.62 million within 24 hours. Compared to last year's "outflow wave," Grayscale's pressure has seemed to ease recently, but a daily withdrawal of nearly $25 million still reflects some investors' cautious attitude at the end of the year.

Is this end-of-year outflow a re-pricing of market risks, or are institutions adjusting their portfolios for the season? The underlying logic behind the data may warrant in-depth reflection.

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StablecoinGuardian

· 3h ago

Oh no, Black Christmas Eve, funds are flowing out BlackRock's move seems to be cooling down the market Being cautious at the end of the year is normal, but this pace is really unsustainable Rebalancing or cutting losses, we'll see soon enough

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screenshot_gains

· 3h ago

BlackRock's recent withdrawal is interesting. 62.2 billion still sitting there, this is probably just hype about anxiety. --- End-of-year massive withdrawal, are institutions running or hiding? Who knows... Anyway, I'm holding my position steady. --- IBIT spends over 90 million in a day, sounds scary, but with such large long-term net inflows, what does that indicate? --- Grayscale's pressure easing? Ha, I remember that wave last year. This withdrawal is just a normal reaction. --- I just want to know if these institutions really have a bearish outlook or are they just eating retail investors' chips. Too showy. --- Still harvesting on Christmas Eve. End of the year is indeed the best time to rebalance. Understand? --- Can capital withdrawal scare people? Too naive. These are just normal fluctuations, okay? --- 1.75 billion is nothing in terms of outflow. Look at the beginning of the year... now it's a small matter. --- That 24.62 million in GBTC is nothing compared to the overall inflow. Don't be fooled by the numbers. --- Really want to see who is catching this wave... institutions' tactics are getting deeper and deeper.

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WalletsWatcher

· 3h ago

Institutions are running really fast, even during Christmas Eve, it seems like they will close positions by the end of the year --- BlackRock's temper is really big this time, just throwing out over 90 million like that --- Although the numbers look scary, with a total net inflow of 62.2 billion, it's actually not a big problem --- End-of-year liquidation or rebalancing? I bet on rebalancing, after all, such a large institution wouldn't really run away --- Has Grayscale eased the pressure? Or are they secretly布局? --- $175 million outflow sounds a lot, but looking at the total market size, the impact isn't that big --- Here we go again, every year at the end of the year, this old trick of institutions cutting leeks

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SchrodingerGas

· 4h ago

Hmm... IBIT net outflows are close to 100 million, but the cumulative net inflow still reaches 62.2 billion. This game theory is quite interesting, a typical seasonal rebalancing under rational expectations. Wait, is this really risk pricing or just pure year-end arbitrage realization? On-chain evidence is here, but who has the interpretive authority? Last year's Grayscale wave was simply incredible. Now, 25 million seems quite mild. Market efficiency... it really can deceive. A 175 million outflow looks significant, but given the overall size, it's not really a big deal. Could it indicate a very solid foundation? Or is there another secret? Even on Christmas Eve, things are not calm. Are institutions bottom-fishing or fleeing... Data never lies, but it’s always incomplete.

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