On Thursday, the BTC spot ETF remained very stable. Although net inflows doubled, it was just an increase from 800 BTC to 1,500 BTC, which is pretty normal. From a bird's-eye view, BTC's price on Thursday was still decent, hovering around $112,000. The ETF situation seems normal, but who knows if it will decrease on Friday, especially since the price has broken below key levels again. BlackRock and ARK have the strongest purchasing power, with hundreds of Bitcoin bought, while other data can basically be ignored. Although the buying power isn't great, ETF sell-offs remain very low. Yesterday, only Grayscale sold 7 BTC. But tomorrow is the weekend—let's see if the market drops further due to panic or manages to stabilize a bit. Sponsored by Bitget ｜ @Bitget_zh