3 major positives are coming! Is BTC stable in May?

After experiencing the deepest correction in nearly a year in April, several major positives have come at the beginning of May. It is expected that the market will not be too bad this month.

1) Grayscale's GBTC had a BTC inflow of US$63.1 million yesterday, which was the first inflow since its conversion to ETF. The situation of institutional BTC ETFs has received a lot of attention every day, especially Grayscale's. It has been in a state of outflow before, and now it has finally begun to turn into inflow. Does it also mean that the wind direction has really begun to change?

2) The BTC network has processed more than 1 billion transactions. It has been 15 years, 4 months and 4 days since the anonymous founder of BTC, Satoshi Nakamoto, dug out the first block on the network on January 3, 2009. This means that in the 5,603 days of BTC's existence, an average of 178,475 transactions were carried out every day. The BTC ecosystem is still hot! This round of bull market will definitely not be absent!

3) The three HK spot ETFs had a total investment of HK$2 billion in the first week of listing, which is nearly twice that of futures ETFs. At first, everyone was still mocking HK for issuing ETFs without much splash, but the data slapped everyone in the face, exceeding everyone's expectations. Although it cannot be compared with the scale of the US BTC spot ETF, as the first in Asia, it will definitely get better and better in the future! #5月市场关键事件 #BTC走势分析 #灰度GBTC资金流出趋势结束了吗？ #BTC #ETH