Over the course of eight days, ending September 6, 2024, US Bitcoin ETFs had withdrawals of close to $1.2 billion, which represents their longest net outflow streak to date. This is indicative of general investor caution brought on by changing market conditions and uncertainty in the global economy.
Record outflows from US Bitcoin ETFs are expected amidst market volatility, according to The Deep Dive.
This likely indicates a local bottom for BTC, given the record outflows from ETFs. Retail investors often misjudge these situations. Regardless of your stance on Bitcoin, whether you believe it’s worthless or the future of money (personally, I’m uncertain and indifferent, it’s expected to rise during this cycle. There is potential for profit here.
He spoke the truth, which is why they despised him.
Bitcoin enthusiasts often claim that Satoshi’s creation is meant to serve as a hedge against economic and fiscal risks. Yet, whenever markets sense rising risks, people abandon this speculative asset as if escaping a sinking ship.
The more intriguing aspect is that although proponents of Bitcoin claim their money is decentralized and unaffected by centralized organizations, most users only purchase their coins through centralized exchanges or funds.
How can rats escape a sinking ship? 
It offers protection against economic and fiscal risks.
Unlike government-issued currencies, it can’t be printed at will. If you have access to it, you can take it with you and use it wherever you go. Try moving $200,000 worth of gold out of a country in crisis.
Its value is derived from the trust people place in it, just like the value of the cash in my wallet.
Even if you receive negative feedback, people tend to forget that investing is always speculative at the beginning.
Down votes don’t concern me. It is not printable. I can transmit it to any location on the planet. Its value lies in that. 