During the trading session late last night, the price of Bitcoin has approached the range of 90800. The market has been quite volatile recently, with a significant price retracement of 8000 dollars. Currently, the market is in a small-scale stop-loss rebound phase, and whether it will break the level in the future still requires further observation and consideration. The price of CME futures is also close to closing in on the daily level, with market focus concentrated on the lower position of 87000. If the price falls below this level, then this wave of upward trend will be directly declared over, and the market will enter a phase of retracement to fill gaps.
As for the Bitcoin ETF spot, there was still a continuous outflow of funds yesterday, but the amount of outflow has decreased. The amount of funds outflowed yesterday was 120 million units. We will closely monitor today's closing situation to judge the further changes in market trends. Overall, there is still uncertainty in the market, and caution is advised in operations.