TechFlow news, November 18 — According to recent analysis by CryptoQuant founder Ki Young Ju, signs of large traders exiting have emerged in the Bitcoin futures market, which is now primarily driven by retail investors. Data shows that Coinbase Premium has dropped to a nine-month low, ETFs have experienced three consecutive weeks of net outflows, and on-chain realized market value growth has stalled. Although the short-term market appears weak with insufficient dollar liquidity, analysts expect Bitcoin capital inflows will not completely halt within the next six months. If cycle theory holds, the Bitcoin price bottom could be around $56,000. Currently, Binance's deposit cost basis stands at $57,000, indicating traders have already gained substantial profits from ETF and institutional fund inflows.
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