The focus on Wednesday was undoubtedly the interest rate meeting, and at that time, the market's understanding was not very clear, so it is understandable that there was a selling state. From a god's-eye view, the price of $BTC had already risen by Thursday, so it is estimated that the data for Bitcoin spot ETF on Thursday should be good. Yesterday, BlackRock had a net inflow of over four digits, while Fidelity had a net outflow of over four digits.

Overall, BTC's status is still quite stable. Even though the market did not see the results it expected yesterday, there were still no signs of large-scale selling. Starting next week, BTC will return to reviewing data weekly, but the current data is simpler; any employment data that is conducive to interest rate cuts is considered good data.

This article is sponsored by #Bitget ｜ @Bitget_zh

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