In addition, in the ETF data from the past week, Bitcoin not only showed no improvement but also fell into a low point in both the primary and secondary markets. In the primary market, there were multiple instances of net outflows over the past week, and even when there was a small inflow, the amount of funds was not high enough. Compared to the end of 2024 and the beginning of 2025, and even compared to the last quarter, the buying volume in the primary market has dropped significantly, which has become a reason for restricting the rise in BTC prices.

Secondly, $IBIT, which is the trading volume of the spot ETF in the secondary market, also showed a gradually decreasing trend over the past week, as can be seen from the chart. The turnover and purchasing sentiment of traditional investors are not good, which is also the biggest gap between $BTC and $ETH at present.

This article is sponsored by #Bitget ｜ @Bitget_zh

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