Bitcoin's Short-Term Outlook Remains Uncertain Amid Potential ETF Outflows

According to BlockBeats, Chinese crypto analyst Ban Muxia shared insights on social media regarding Bitcoin's market outlook. The analyst suggested that while it is no longer appropriate to be overly bullish on Bitcoin, there is no need to be excessively bearish over the next one to two months. However, adjustments may occur around March or April next year. Ban Muxia noted that a significant outflow of funds from ETFs could lead to a sharp decline, potentially causing Bitcoin to fall below $80,500 or even to $71,000, though this is considered a low-probability event. Currently, Bitcoin's volatility has narrowed significantly, indicating that a directional move may occur soon.