What Teacher Jason said is roughly the same as what I have been describing in ETF data recently, but slightly different is that it is not unrelated to ordinary people anymore, but has little to do with traditional investors. Except for the large buying of traditional investors that began last Thursday, the buying sentiment of traditional investors was very poor for half a year before that. Even when BTC approached a new high, the buying volume of traditional investors in ETFs was very small. Before breaking through the new high, it can be said that the buying sentiment of ETFs was very low. Although there were often positive inflows, the inflow volume was too different from the end of 2024. The daily inflow volume of Bitcoin spot ETFs in 2024 was often 18000, while before the new high, it was basically 1800, with two or three thousand already being good. The majority of investors who have been supporting buying in this round are mostly small partners in the cryptocurrency industry, and the main battlefield is still in the exchange. However, compared to high net worth investors, there is still a significant gap in buying volume between small-scale investors and high net worth investors.