Although the data of BTC has not turned into a net inflow, the outflow is not enough to affect the trend of BTC price. A total of 543 BTC were released by US institutions. Now, both BTC and ETH spot ETF investors have entered a wise state, with low buying and selling data, which is very similar to last year's garbage time. Investors are still looking forward to new breakthroughs at the policy level. More and more states in the United States have proposed Bitcoin strategic reserves, although they have not directly reflected in the price, they are actually the basis for future price increases. The fastest to pass now should be Utah, and the hope of passing is also quite high. In addition, today I also talked to some friends from the United States about ETFs. His viewpoint is that many investors buy spot ETFs from their pension accounts, and these investors basically treat the BTC they buy as a long-term investment, preparing to retire and avoid capital gains tax. This may also be the reason why many ETF investors are relatively calm. Many people are quite pessimistic about the market, and I agree with this. I have said more than once that I may become a dead bear from Q2 onwards. Although the situation ahead is quite severe, there are still many positive and liquidity stimuli on the way. Otherwise, it would have fallen into a dog long ago, rather than continuing to maintain a volatile trend now. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex