Last Friday, the data on spot ETFs was actually not very important, as there were no expectations that the suspension could end at that time. Therefore, it is normal for investors to have a clear tendency to sell off. BlackRock, Fidelity, and ARK were the main sellers of $BTC. The core issues last week were the suspension and Powell's remarks, which had a significant negative impact overall.

From the data, the net outflow of Bitcoin spot ETFs in week 95 was 11,929 coins, an increase of over 50% compared to the net outflow of 7,616 coins in week 94. Although today's data has not yet been seen, it is expected that this week starting today will not be too bad.

This article is sponsored by #Bitget ｜ @Bitget_zh

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