I originally thought the data on Friday would be good, especially since after Powell's speech, the price of $BTC briefly broke through $117,000. However, now looking at Friday's ETF data, although there was only a slight net outflow, it is rare to see that aside from BlackRock, all other investors had no net outflows. Nevertheless, the changes in the data were minimal, still indicating that the majority of investors are not bearish on Bitcoin.

From the data of the past 84 weeks, investor buying sentiment has not been strong. Compared to the net inflow of over 5,000 in week 83, week 84 saw a net outflow of more than 10,000 BTC, with the largest outflow coming from BlackRock investors, who withdrew a total of 5,359 BTC, followed by Fidelity investors, who withdrew around 2,500 BTC.

I want to emphasize again that the price of BTC is maintained more due to reduced selling pressure, and now with decreased buying power and increased selling, it indeed puts some pressure on the price of BTC.

This article is sponsored by #Bitget ｜ @Bitget_zh

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