I just realized that the ETF data hasn't been done yet. It's quite normal for the purchasing power of ETFs to rise when the sentiment is good over the past two days. However, the fact that there were still over 7,700 purchases of the $BTC spot ETF despite yesterday's decline is truly remarkable. Of course, the main purchasing power still comes from BlackRock, while other institutions are mainly selling less.

From a bird's-eye view, it turns out that BlackRock's investors are making the most profit in this wave. I still believe that for those who want to buy Bitcoin, following BlackRock's lead is a good idea. The stability of BTC is still very strong, which is why I repeatedly emphasize not to short BTC.

This article is sponsored by #Bitget ｜ @Bitget_zh

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