It's so tough. Recently, the data for BTC spot ETFs has been continuously declining. Although it hasn't reached a critical level, it does show that traditional investors' interest in cryptocurrencies is really low. Yesterday's sell-off was probably similar to other risk markets, driven by concerns that today's inflation data might worsen. But in reality, today's CPI data turned out to be decent, and both the US stock market and cryptocurrencies saw a rebound. Looks like today's data wasn't bad after all. This also shows that at this stage, there are quite a lot of investors chasing highs and cutting losses. Fewer and fewer people believe Bitcoin can rise in the short term, so even ETF investors are starting to trade short-term now. @bitget VIP, lower fees, crazier perks