On Monday, the data for the $BTC spot ETF remained quite stable. However, compared to Bitcoin's price returning to $120,000, the purchasing power of the spot ETF not only did not increase but actually decreased, with only one-third of the purchasing power seen on Friday, primarily due to BlackRock's purchasing power dropping to just over 1,000 BTC.

Of course, we have mentioned multiple times that the stability of BTC prices during this period is not due to particularly strong purchasing power, but rather driven by low selling from investors. Therefore, as long as there is no significant negative sentiment, the price of BTC will remain stable. If there are some positive factors to boost purchasing power, the price can rise.

This article is sponsored by #Bitget ｜ @Bitget_zh

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