This time the data looks much more normal. On Monday, BTC's price rebounded nicely, and I thought at least some investors chasing the highs and lows would enter the market. But the actual result was surprising—Fidelity investors didn’t buy in; instead, it was BlackRock and ARK investors who did. As for other institutions, their data can basically be ignored. In total, only about 1,000 Bitcoins were purchased, which had almost no impact on the spot price. Actually, this ties into the issue I’m discussing today. Just because a spot ETF gets approved doesn’t automatically mean it’s bullish. It still depends on whether investors are willing to buy in. If they’re not interested, even the best channels won’t make a difference. This post is sponsored by Bitget ｜ @Bitget_zh