The ETF data from the past week has been pretty solid. You can clearly see that buying power has exceeded the average. Over the week, investors purchased a total of 26,456 BTC, whereas the previous week saw a net outflow of 8,139 BTC. And it’s not just the primary market data that’s on the rise—even the trading volume in the secondary market is showing an upward trend, which is a stark contrast to the sluggishness of the previous two weeks. That said, I’ll repeat what I’ve always said: the increase in BTC buying power isn’t due to any positive news about Bitcoin itself, but rather because it’s riding the coattails of the U.S. stock market. So, it’s still highly correlated with the stock market and U.S. macroeconomic sentiment. This rise in buying power doesn’t necessarily mean it will continue. The key factor remains the Federal Reserve’s monetary policy. This post is sponsored by Bitget ｜ @Bitget_zh