On Monday, the data for the $BTC spot ETF did not show significant changes, with a net inflow of over 1,000 coins appearing quite moderate. This is what we have been emphasizing: the phase of FOMO for Bitcoin has ended, and ETF investors have returned to a trend of low circulation. However, it is uncertain what will happen after Thursday morning Beijing time.

Although it is known that the Federal Reserve will not change interest rates on Thursday, whether Powell will reveal plans for a rate cut or any easing in September is uncertain. If he does, the market is likely to enter FOMO sentiment again. BlackRock's investors are still maintaining purchases in the four-digit range, while other data is just average.

Although it has been said a million times, the net flow of the ETF does not represent the rise or fall of BTC prices, but it does reflect the buying and selling sentiment of investors. Low selling has been the core logic behind the rise of BTC since the end of 2024.

Data address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing

This article is sponsored by #Bitget ｜ @Bitget_zh

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