Chasing highs and cutting losses is indeed a common problem for many investors. Yesterday, there were signs of a rebound in $BTC, and with the price rising, a small number of investors began to buy Bitcoin. However, from a bird's-eye view, we know that today BTC has dropped even more sharply. So, will we see more investors selling tomorrow? I think it's very likely, especially among Fidelity investors.
Currently, the impact of spot ETF data on BTC spot is still very low, whether it's positive inflow or net outflow. A quantity of around 2,000 coins, whether positive or negative, is hard to sway the spot price. It largely depends on the sentiment of American investors. At least for now, investor sentiment remains stable.
This article is sponsored by #Bitget ｜ @Bitget_zh
The price of $BTC on Tuesday itself was not good, mainly influenced by Powell's speech, so it's understandable that the spot ETF data is also poor. However, during this period, even with bad data, the fluctuations are still around ±2,000 coins, which has a very low impact on the spot market. Only a small number of investors are participating in buying and selling, so the impact is not significant.
For a long time recently, the Bitcoin spot ETF data has been lukewarm, mainly because investors from BlackRock and Fidelity have reduced their purchases. Based on past experience, BlackRock investors tend to focus more on long-term investments, and when purchasing power decreases, it often indicates a pessimistic view of the recent market. Fidelity users, on the other hand, are more inclined to chase highs and cut losses.
Therefore, when the market maintains a long period of volatility, the BTC spot ETF data will not be very good.
This article is sponsored by #Bitget ｜ @Bitget_zh
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