This morning, we were still discussing the retreat of FOMO sentiment in the market, which can also be confirmed by the data from the spot ETF. On Monday, the $BTC spot ETF data ended a 12-day streak of net inflows into Bitcoin. Although the outflow was not significant, it is evident that some investors have chosen to exit. This marks the second consecutive day since Friday that U.S. ETF institutions, excluding BlackRock, have experienced net outflows.
On Monday, BlackRock's investors made no purchases or sales. As we mentioned earlier, the current situation does not indicate that U.S. investors as a whole are experiencing FOMO; rather, it is BlackRock's investors who have been consistently buying. If BlackRock's investors stop buying, it could very well indicate a cooling of FOMO sentiment, and the data from the spot ETF would begin to change.
Let's observe for a few more days. Currently, from a price perspective, although FOMO sentiment is low, the stability of the price is still quite good.
Data link: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
This article is sponsored by #Bitget | @Bitget_zh
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