On Tuesday, BTC spot ETF data continued to shrink, which should be within expectations. After all, some ETF users are also prone to chasing highs and cutting losses. When prices drop, they sell off very quickly. Notably, Fidelity and ARK users tend to be more sensitive. During yesterday's sell-off, Fidelity and ARK took the lead, while BlackRock investors remained unchanged. The current price movements are still unclear. The recent drop hasn’t been accompanied by any significant bearish news, which is completely different from previous instances. A decline without any news suggests that investor sentiment is relatively poor, and the rebound momentum is weak. Since the market’s focus is on Friday’s Jackson Hole Symposium, let’s wait and see. This post is sponsored by Bitget ｜ @Bitget_zh