The recent inflows into Bitcoin spot ETFs are generally not encouraging.

The total outflow of Bitcoin spot ETF yesterday reached US$81.36 million, of which Grayscale's GBDC saw an outflow of US$56.86 million, while Franklin and BlackRock also mainly showed outflows. This recent negative impact has caused retail investors to vote with their money, and the current panic index in the market continues to rise.

In terms of Bitcoin market share, Bitcoin’s market share has recently reached a new high. Data shows that the market share in April 2019 is very similar to the current one. As we all know, Bitcoin has experienced a significant bull market after 2019, with an increase of 15 times. Typically, an increase in Bitcoin’s market share indicates a decrease in market interest in altcoins. This can also be seen from the recent performance of altcoins. They generally close down. Although the DeFi sector has some good performances, overall, the performance of altcoins is not outstanding, and the recent increase is about 20%. .