The slightly weaker data on Friday is pretty normal, especially since Williams' speech only happened in the evening—it takes some time for it to have an impact. Although net buying looked decent from a capital perspective, the official website data shows that overall, Friday still saw net outflows. However, the outflow volume wasn’t significant anymore. Grayscale and BlackRock investors remain the main forces behind the sell-offs. Looking at the weekly data, Week 97 saw over 16,000 BTC sold, which is quite a jump compared to Week 96’s 11,000 BTC. Investor sentiment throughout the week was still pretty bad. If it weren’t for Williams’ speech, who knows what the situation would be like now. This shows that the Fed’s monetary policy is still the key driver of the current market trend. Bitget VIP—lower fees, bigger perks!