📢 Hot News: Bitcoin Bottom-fishing Campaign Last Week!

Hello everyone! 👋 Let's talk about the big moves in the cryptocurrency market last Friday. Last Friday, many investors tried to bottom-fish at the market low, which led to an inflow of $140 million in funds into the Bitcoin spot ETF on that day. 🤯

🤔 Some analysts believe that the plunge in the Bitcoin market last week may be related to the US Independence Day (July 4th) holiday, when market liquidity was low. Analysts believe that whales carried out market-smashing operations under low liquidity. However, as the US market reopened on Friday, Bitcoin ushered in an expected rebound of about 9%.

The data chart shows that the inflow of funds into the Bitcoin spot ETF on Friday was as high as $143 million. However, these data are usually lagging, and they reflect what has already happened in the market.

For example, when the market has already risen or fallen, market news begins to be widely reported. Therefore, we should only use the inflow and outflow data of Bitcoin ETFs as a reference, not the only basis for investment decisions.

Investing is not about following the trend, but a contest of wisdom. You should not be overly affected by market sentiment and avoid falling into the trap of FOMO (fear of missing out). ! 🧐

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