#比特币ETF资金流动 ETF continuous net outflow signals should be taken seriously. Since early November, the 30-day moving average has been negative, indicating that this is not a short-term fluctuation but rather institutional investors are systematically exiting.

From a follow-trading perspective, this period tests traders' psychological resilience and stop-loss execution. I have observed the recent actions of several long-term stable traders—true experts tend to adjust their position structures during such phases—reducing positions where necessary and observing rather than resisting.

A contraction in liquidity means deteriorating market conditions, which directly impacts the risk parameters of follow-trading. It is recommended to reassess each trader you follow: do their strategies rely on sufficient liquidity? In environments with increased volatility, are their stop-loss settings rigorous enough? Should the position sizes be temporarily reduced?

Institutional exits do not necessarily mean the end of the market, but they serve as a reminder—it's time to do your homework. Experience proves that those who can remain rational amid chaos are often the next winners.