After BTC broke through $111000 yesterday, investors in spot ETFs finally saw some decent purchasing power, but the main source of purchasing power was still investors from BlackRock, with a net purchase of nearly 8000 Bitcoin. Compared to BlackRock, other institutions combined had a net inflow of less than 1000 BTC. This is also a rather fragmented phenomenon. On the one hand, the spot market is very hot, with BlackRock investors buying more and more as the price rises, while other investors, although not selling clearly, still have a buying sentiment like watching a play, not knowing if liquidity has been drained by the US stock market or not. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex