Yesterday, I was still impressed by the decent spot ETF inflows on Tuesday. Thinking about it now, it’s probably because some investors believed the government shutdown ending would lead to a direct price increase, so they started positioning early in BTC. Logically, there should’ve been even more buying yesterday, but it ended up being a net outflow instead. I guess it’s related to the price drop yesterday. Anyway, the U.S. government shutdown is officially over, so liquidity should gradually recover moving forward. But this will take time. For now, market sentiment is pretty bad, especially with the Nasdaq dropping 2% directly. One of the reasons is the lowered expectations for a December rate cut. Even Nvidia dropped 4.5% without any direct bad news, which shows how tight market liquidity and sentiment are. The market will need to self-adjust. Bitget VIP, lower fees, crazier perks.