No surprises here, Tuesday's spot ETF data was a complete mess, but this was expected. We talked about it a few days ago—many traditional investors in the ETF space are still engaging in speculative behavior. They're not investing because they believe in BTC's future, but purely because they think the price will go up. So when the price drops, these investors would rather take a loss and exit. But looking at it from a higher perspective, everyone knows that at 3:27 AM, Trump announced the suspension of tariffs related to Greenland. Risk assets rebounded immediately, and both the US stock market and Bitcoin reacted positively. So, Wednesday's data probably won't be as bad. Still, these investors are just chasing highs and cutting losses. @bitget VIP, lower fees, crazier perks.