BTC's price on Tuesday wasn't great, mainly influenced by Powell's speech. So, it's understandable that the spot ETF data isn't looking good either. However, even during this period, the fluctuations in data are still around ±2,000 coins, which has a very minimal impact on the spot market. Only a small number of investors are involved in trading, so the overall effect isn't significant. For quite a long time now, Bitcoin spot ETF data has been lukewarm. This is primarily because BlackRock and Fidelity investors have reduced their purchases. Based on past experience, BlackRock investors tend to focus more on long-term investments, and when purchasing power decreases, it often reflects a less optimistic outlook for the near-term market. On the other hand, Fidelity users are more inclined toward chasing gains and cutting losses. So, when the market remains in prolonged consolidation, BTC spot ETF data won't look promising. Sponsored by Bitget ｜ @Bitget_zh