Additionally, in the past week's ETF data, Bitcoin not only showed no improvement but actually fell into a slump in both the primary and secondary markets. In the primary market, there were multiple instances of net outflows over the past week, and even during small inflows, the capital volume was insufficient. Compared to late 2024 and early 2025, or even just the previous quarter, the buying volume in the primary market has dropped significantly, which has become one of the reasons limiting BTC's price growth. Secondly, the IBIT, which refers to the spot ETF secondary market transactions, also shows a downward trend over the past week, as seen in the chart. The turnover and buying sentiment among traditional investors are not looking good, which highlights the biggest gap between BTC and ETH at the moment. This article is sponsored by Bitget ｜ @Bitget_zh