Wednesday's data is also good; in fact, overall data is good except for Monday, and yesterday news surfaced that the United States and Iran should be able to reach a ceasefire agreement. Moreover, the S&P has already broken through historical highs, and investor sentiment is relatively good. However, even so, it can still be seen that only BlackRock's investors are continuing to buy $BTC in large amounts.

In contrast, investors from other institutions, including Fidelity and ARK, have sold off. It seems that these investors do not believe that Bitcoin can continue to rise and have chosen to take profits and exit. But indeed, more investors or more funds are still betting that BTC can continue to rise in the future.

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