On Friday, it can be inferred from the trading volume and price trend that the data of BTC spot ETF should be good. Indeed, although it is still not as FOMO as at the end of 2024, the consecutive new highs have increased the purchasing power of some traditional investors. However, interestingly, it is mainly concentrated in BlackRock, with over 90% of the buying volume coming from BlackRock investors. However, investors from other institutions are almost in a watching mode, and their buying volume can be ignored. Unlike Thursday's situation, in the 78th week's data, the overall purchasing power of investors has increased by about 8 times compared to the 77th week, indicating that traditional investors' buying sentiment is gradually increasing. However, it should be noted that there are still CPI and PPI data this week, which may have some impact on the market. Data address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing