It is estimated that the data of BTC spot ETFs in the past two days will not be very good, mainly due to the volatility of Bitcoin prices. On the contrary, the US stock market continues to rise, of course, AI and technology stocks are rising. However, BTC's reaction has started to diverge compared to the US stock market. My personal judgment is that short-term holders believe that in the unfavorable inflation data in the US, BTC will face greater liquidity pressure than AI related technology stocks. However, based on the data, after the release of CPI data on Tuesday, the US stock market also experienced a decline. Although it rose back on Wednesday, PPI data was indeed unfavorable, and the reaction of BTC price is likely related to PPI. In fact, when PPI data was just released, the US stock market also experienced a decline, but quickly rebounded under FOMO sentiment, while BTC did not receive this treatment. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout