On Monday, BTC spot ETFs entered a selling phase again, with BlackRock investors leading the sell-off. This sell-off was expected, and many friends are asking about the reason for today’s drop. Actually, it was explained pretty clearly in yesterday’s analysis: the main factor is the uncertainty caused by tariff chaos. The market fears uncertainty the most, followed by geopolitical conflicts, and even concerns about AI technology and unemployment. That said, investors’ selling is still relatively restrained. Although BlackRock’s sell-off volume is the largest, the sell-off ratio isn’t high compared to their holdings. The market sentiment right now is indeed very poor, and it feels like traditional investors aren’t really focused on the crypto space. @bitget VIP, lower fees, crazier perks