When we were still guessing whether last week's drop was caused by IBIT, Friday's ETF data turned out to be very interesting. It shifted from net outflows to net inflows, mainly due to BTC's rebound. BlackRock took the lead with a net outflow of nearly 3,300 Bitcoins, a figure that even surpassed the sell-off by BlackRock investors during Thursday's big drop. Of course, I don’t think this signals a reversal by traditional investors. On the contrary, I feel like investors are just chasing highs and dumping lows. If Bitcoin's price doesn’t continue to strengthen, short-term investors will mercilessly keep selling. @bitget VIP, lower fees, crazier perks