ChainCatcher message, CEO of cryptocurrency investment company FRNT Financial Inc. Stephane Ouellette stated, "Since Trump's victory, Bitcoin has been overbought, so the stagnation in the upward trend is a normal phenomenon, meaning that last weekend's market movement can hardly be considered a correction; we have just returned to mid-levels from last week."
Data shows that since Trump's victory, a large amount of capital has flowed into the U.S. spot ETF directly investing in Bitcoin, and the assets of these products have now reached $107 billion.