Although I didn't expect Wednesday, I certainly anticipated Thursday, especially since the price of $BTC has risen. Many friends in the spot ETF market tend to chase the price up and down, so it's normal to buy more. Both BlackRock and Fidelity have strong purchasing power. Looking back now, even though the price wasn't great on Wednesday, the buying volume was significant, starting with BlackRock. I wonder if everyone was betting on the CPI data.

In reality, the situation aligns with expectations. Even if the CPI data is poor, many investors are still buying in, mainly because they are confident about a rate cut in September. There are even analysts in the U.S. predicting a 100 basis point cut by 2025, which would definitely drive the market wild.

However, the critical showdown will still depend on September 18.

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