Although there’s been less selling, ETF data shows that investor buying sentiment still hasn’t recovered. This week, U.S. investors had a net sell-off of over 8,100 BTC, compared to a net inflow of nearly 7,700 BTC the previous week. While these figures don’t pose a threat to the spot market, it’s clear that traditional investors currently don’t have much interest in BTC. Buying activity is hovering around a daily average of +/- 2,000 BTC, which is a long-term average. This is closely tied to BTC’s lack of upward momentum. Additionally, looking at BTC’s spot trading volume, the data from the past six months hasn’t been promising. There hasn’t been any explosive buying power during this period. The reduction in selling remains the main driver for price stability or even slight increases. This article is sponsored by Bitget ｜ @Bitget_zh