Yesterday, I said there would definitely be some friends chasing the highs and selling the lows, and sure enough, after the price surged yesterday, the purchasing power of spot ETFs saw a significant boost. It shifted from a net outflow of over 4,000 BTC to a net inflow of over 2,000 BTC. Short-term investors are clearly still heavily influenced by price movements. However, looking at yesterday's data, even with the price increase, BlackRock investors still reduced their holdings by over 400 Bitcoin. This means it’s the Fidelity users, who are more sensitive to short-term prices, that carried the banner of purchasing power. Overall, even with the rise in BTC prices, investor purchasing power remains at relatively low levels. Sponsored by Bitget ｜ @Bitget_zh