As stated yesterday, investors in spot ETFs are continuing to chase after gains and losses. After BTC's price temporarily broke through $110000 yesterday, there was a slight increase in buying volume, especially with BlackRock investors buying over 3000 Bitcoin, which is already the highest net inflow data in the past nine working days. But apart from BlackRock, which has barely caught up with the purchasing power of Fidelity's investors in the past two days, the buying power of other institutions is still relatively low. Today's weekly report also explains that US investors are still the main force in cryptocurrency purchases, and traditional investors' buying has not increased, but rather shown a downward trend compared to the end of 2024. Starting from April, the rise of Bitcoin is partly due to a decrease in selling, and partly due to the amount of funds in the cryptocurrency community buying. This is a completely different situation from the previous peak. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex