It's really going to the end with chasing rises and killing falls. On Wednesday, the price of $BTC once fell below $80,000, and many friends said it would go to $40,000. There was also a significant withdrawal from the spot ETF, but from a god's eye view, we know it rose back on Thursday. The probability is high that ETF investors will see net inflows again.

So this is also normal. Some new investors now are purely financial investors, believing that when the U.S. stock market can rise, betting on Bitcoin can also rise in sync, so they buy when it goes up and sell when it goes down.

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