When we were still speculating whether it was $IBIT that caused last week's decline, Friday's ETF data was very interesting, shifting from net outflows to net inflows. The main reason for this was the rebound of $BTC, with BlackRock leading the way, netting out nearly 3,300 Bitcoins. This figure even exceeded the sell-off by BlackRock investors during Thursday's significant drop.

Of course, I don't think this indicates a reversal for traditional investors; rather, I feel that investors are chasing highs and cutting losses. If Bitcoin's price cannot continue to strengthen, short-term investors will ruthlessly continue to sell off.

@bitget VIP, lower fees, better benefits

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