In fact, the situation of Bitcoin: native has been much better than I imagined recently. Many friends have said that there has been a large net outflow of ETFs recently. This is true, but if we zoom in on the data, we can find that the main outflow is from BlackRock investors. BlackRock investors account for more than 61% of the total Bitcoin spot ETFs in the United States, and their holdings of BTC have exceeded 773000, with a daily outflow of only about 5000 recently. It may seem like there are quite a few, but in reality, it's not a lot based on the overall proportion. Moreover, if we look at the data of BTC spot ETFs as a whole, most institutions have reduced their holdings very little. Currently, BlackRock is like the situation in the previous gray scale, and these runners are almost there. Traditional investors should also stabilize. After all, the recent decline in BTC and the overall trend have not shown much trend, and many short-term investors are still criticizing MSTR. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout