On Tuesday, the purchasing power of BTC spot ETF once again decreased and returned to normal, which is within my expectations. On the one hand, funds are shifting towards ETH, and on the other hand, the purchasing power of Bitcoin itself has indeed limited growth. There is a more detailed explanation in today's weekly report. Interested friends can read the pinned tweet. The main reason for the decline in purchasing power of spot ETFs is that investors in BlackRock have reduced their purchases of BTC. At the same time, we have also looked at the trading volume of IBIT, which is still around the moving average, indicating that investors' main attention is not on BTC. The main rise of BTC is still following the US stock market and the decrease in selling volume, and BTC's advantage in purchasing power is not obvious. This article is sponsored by Bitget | @ Bitgetzh