On Wednesday, under the expectation of a Fed rate cut, the BTC spot ETF showed slight improvement, but just a little. The main reason is that BlackRock investors bought over 2,000 Bitcoins, while other institutional data can basically be ignored. Today, I also saw some data suggesting that crypto ETF fund inflows are starting to grow, but so far, the growth is still not enough to impact spot prices. Tech stocks are still the best indicator for BTC. Without an independent narrative for BTC, it's indeed hard for larger funds to come in, which is also a reflection of the overall crypto market situation. The reason AI has been able to advance so rapidly is mainly due to continuous earnings reports and narrative-driven momentum. Bitget VIP—lower fees, bigger perks!