Even though market sentiment is pretty bad, spot ETFs are showing a rare optimistic trend. Apart from BlackRock investors seeing an outflow of less than 300 BTC, most other institutions are experiencing net inflows. Although the amounts aren't large, it does indicate that some investors believe Bitcoin's price has bottomed out, and now might be a good time to start building positions. However, looking at the overall trend, cryptocurrencies still haven't caught the attention of traditional investors. While the overall selling volume isn't very high, there hasn't been any significant and consistent buying activity for a long time. The liquidity of cryptocurrencies is still facing major constraints. @bitget VIP, lower fees, bigger perks.