Recently, traditional investors have indeed slowed down their investments. Both $BTC and $ETH have encountered this issue. According to data from the past week, the ETF primary market has been in a selling state for several consecutive working days, although the selling volume is not very high.

However, looking at the detailed data, it is actually BlackRock's investors who have been leading the sell-off in recent days. Historically, BlackRock's investors are known to be long-term holders. This situation is likely due to some users shifting from the cryptocurrency sector to the U.S. stock market.

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