Yesterday, I was praising Tuesday, saying that although the cryptocurrency prices were not good, the purchasing power of $BTC, especially from BlackRock, was quite impressive. However, the data from yesterday showed a significant decline. Could it be that traditional ETF partners only like to buy at the bottom? We will know tomorrow after looking at today’s data. In the past 24 hours, American investors net purchased over 3,300 BTC, almost all provided by BlackRock.

Today's drop in Bitcoin started at the same time as yesterday's rise, right when the U.S. stock market opened. I wonder if it has anything to do with Japan not wanting the yen to continue depreciating, as this implies that Japan might reconsider raising interest rates. Other than that, there was no other information during the U.S. stock market opening.

This article is sponsored by #Bitget ｜ @Bitget_zh

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