In the past two days, the price of $BTC has been relatively stable, but as we have been saying, traditional investors' buying sentiment for Bitcoin is not very high. Similarly, during the process of rising from $98,000 to $107,000, the data for the end of 2024 is expected to be more than five times what it is now, and there has been a noticeable slowdown in purchases from ETF investors.

Yesterday, BlackRock maintained its four-digit purchases, while other institutions, including Fidelity, can be ignored. The sluggishness of ETF investors in the second and third quarters is somewhat strange. If the price were to drop, it would be understandable, but instead, purchasing power has decreased when prices are rising. Are they all going to buy CRCL and COIN instead?

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