Phyrex
Phyrex|Aug 12, 2025 18:13
The data for Monday's BTC spot ETF was quite stable, but compared to Bitcoin's price returning to $120000, the purchasing power of the spot ETF not only did not increase, but also decreased, with only one-third of Friday's purchasing power, mainly due to BlackRock's direct decrease in purchasing power to over 1000 BTC. Of course, we have mentioned many times before that the stability of BTC price during this period is not due to its strong purchasing power, but rather driven by investors selling at a lower level. Therefore, as long as there is not too much negative sentiment, BTC price will remain stable, and with some positive factors to increase purchasing power, the price can rise. This article is sponsored by Bitget | @ Bitgetzh
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