Yesterday, Bitcoin spot ETF had a net inflow of 31.16 million US dollars, and Ethereum spot ETF had a net outflow of 152 million US dollars on the third trading day, of which Grayscale had a net outflow of 140,000 coins, about 326 million US dollars. From the data, Bitcoin spot ETF is still relatively stable, and Grayscale's ETHE is currently accelerating outflow.
Macroeconomically, the US stock market is still weakening. Although there have been some oversold rebounds, and there have been certain high-level rallies, including Tesla, the overall technology stocks are still generally sluggish. The recent linkage effect between Bitcoin and the US stock market is not strong. The sensitivity to macroeconomic policies makes the short-term Bitcoin trend often ahead of the US stock market. From a glimpse of the leopard, the adjustment of the US stock market is almost coming to an end.
The Bitcoin Conference started yesterday, and there has been no unusual news so far. The first day of the meeting is considered to have landed, and Trump will attend and deliver a speech tomorrow. Objectively, Mumu also believes that if Trump really enters the White House again, it will lead to a long-term positive impact on the crypto market, and the policy norms of the relevant ecology will also be introduced in a very short time. Anyway, let's wait and see, the big trend always exists.
Yesterday's new data showed that the US GDP in the second quarter was much higher than expected and the previous value, and the number of people who received unemployment benefits for the first time last week also decreased. Both data have a negative impact on the risk market. From the side, the strength of the United States as the world's number one hegemon is really not to be underestimated, and its economic resilience is indeed very good. I hope that the macro-economy will gradually land softly and develop in an orderly manner, and risk capital can save a lot of turbulence.
