NYDIG: ETF Outflows, Stablecoin Flows, and DAT Indicator Reversal Signal Crypto Capital Flight

Jinse Finance reported that Greg Cipolaro from NYDIG stated that the decline in bitcoin prices is driven by market structure mechanisms rather than sentiment, and key sources of demand are reversing. Spot bitcoin ETFs have continued to see capital outflows (with $3.55 billion outflow in November), while stablecoin supply is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he still maintains a long-term bullish outlook and advises investors to be prepared for volatility.