Although the price trend of BTC was not very good yesterday, the data of spot ETFs has improved a bit. At least there is not a net outflow, but the inflow is still not enough to drive the rise of spot prices. It's just that investors from BlackRock and Fidelity have started to return from selling to buying again, although they haven't bought much. For a long time, we have been talking about the fact that spot ETFs can only interfere with spot prices on rare occasions, and more often represent the emotions of American investors. However, traditional American investors, except for a few days of FOMO, mostly remain in a wait-and-see state, buying and selling not much. This indicates that the current main source of funds is not through traditional investors, but rather investors in the cryptocurrency itself. Moreover, the main reason for the rise in BTC price is not how much purchasing power has increased, but rather the selling that has been offsetting, and in the past two days, it has returned to a trend of selling in small quantities. Thanks to Trump's policy. This article is sponsored by Bitget | @ Bitgetzh