Yesterday, the net outflow of funds continued in the ETF of the whole network. The outflow of GBTC and ARKB was 79.4 million and 12.9 million respectively, while the inflow of the main BlackRock and Fidelity last night only increased by 25.8 million and 1.4 million US dollars. This led to the overall net outflow of ETFs last night reaching 58 million. Including last Friday, this is the third consecutive trading day of net outflow of funds. However, the market response is still very good. In the past, as long as the ETF had a net outflow the day before, the currency price would fall in the Asian trading session the next day. This rule is almost 100% fulfilled. However, the market performance during the day today was still quite abnormal. The big cake pulled up from 61700 at 0 o'clock to the highest point of 64400. This is a good signal, indicating that the selling pressure of retail investors has almost disappeared. This is also a signal that the market has bottomed out. If the ETF data tonight can reverse and return to the water, then there is a high probability that there will be a big market tonight and tomorrow night. Moreover, there are only two days before the halving. It is possible that the big cake will return to 70,000 today and tomorrow. Let's wait and see.

Institutions continue to be optimistic about the market. Matrixport released the latest report saying that the current market share of Bitcoin is at a historical high and is still increasing. This was a phenomenon that only occurred at the end of the bear market and the beginning of the bull market in the past, so the future market is still worth looking forward to;

theblock reported that since the launch of the US Bitcoin spot ETF, Grayscale GBTC's Bitcoin holdings have decreased by 50%, which means that Grayscale's selling pressure will be difficult to continue in the future;

Investment bank Canaccord recently published an article saying that more companies may follow MicroStrategy's example and start buying Bitcoin;

a16z raised $7.2 billion in new funds and plans to raise more funds in 2025. This guy's every move is a big deal, which means that the copycat bull market is coming.