Phyrex
Phyrex|Aug 01, 2025 19:39
The data of spot ETFs in the past week has been relatively weak, whether it is BTC or ETH. We have been talking about this for several days, which represents the decline of traditional users. Yesterday, there was a net outflow of nearly 1100 Bitcoin, and Fidelity and ARK were the main sellers. The users of these two funds themselves have been chasing the rise and killing the fall, and BlackRock's investors only have less than 200 BTC net inflows, which cannot support this situation. We have said many times that the data of spot ETFs cannot represent the rise or fall of prices, but they can serve as a barometer for traditional investors, representing their emotions. In the past two weeks, the data has gradually shifted from FOMO to indifference, and purchasing power has gradually decreased, until there is a sell-off. It is all because the market is waiting for new opportunities. Next comes Trump's. Data address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing This article is sponsored by Bitget | @ Bitgetzh
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