The market for Bitcoin spot ETFs has completely detached from the price of BTC. Although BTC is still relatively stable in terms of price, even surpassing the stability of the US stock market, investors in spot ETFs are still not optimistic about the short-term trend of BTC. In four working days, a total of 102 BTC flowed in, but more than 8000 flowed out. Although these two numbers have almost no impact on the spot price, they represent the sentiment of US investors. After Powell mentioned the risk of economic downturn, investors became more cautious, especially now that tariffs are unclear, interest rate cuts are unclear, and the economy is uncertain. More investors still choose to take risks rather than bargain hunting. However, from more detailed data, it can also be found that the number of investors who sell is still a small part. Although more investors have no intention of buying, they still hold onto their coins and wait. This is also the case with on chain data, and turnover is gradually decreasing. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex