On Tuesday, the data for the Bitcoin spot ETF is still good. Today, I also published a pinned article discussing that when the price of $BTC rises to 80,000 USD, investors are still accumulating. Native users in the crypto space are doing so, and traditional investors are also accumulating, but this action of accumulation does not mean that BTC itself has changed or that there is good news for BTC.

Rather, it is because the war between the United States and Iran shows a trend towards resolution, and there are expectations for smooth passage through the Strait of Hormuz. This is the reason for the rise in risk markets; in other words, the decline initially was also due to these reasons, and now it has just smoothed out the drop caused by this part. Currently, even if investors are accumulating, it is closely related to the current U.S. macroeconomic, political, and economic situation.

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