The data from the BTC spot ETF is still incredibly explosive, and the level of FOMO among American investors continues to increase. In the past 24 hours, there has been the largest net inflow into twelve US ETFs since November 11, which indicates that American investors at least up until yesterday still maintain a crazy purchasing power for BTC. BlackRock's investors net inflowed 6,188 #BTC, while Fidelity saw a net inflow of 3,058, and there were also small inflows in five other ETFs.
On the outflow side, only Grayscale's $GBTC and Invesco combined saw an outflow of 22 BTC. There isn't much to say about BTC; as long as there is enough FOMO sentiment, the price will remain relatively tight. One thing to note is that while shorting $MSTR does not equal shorting BTC, MSTR is currently the only asset in US stocks that can represent #Bitcoin.
If the sentiment around MSTR is not good enough, it may somewhat affect the confidence of some investors. After all, many investors worry that if MSTR crashes, it could impact the price of BTC. Although this is unlikely to happen in this cycle, some investors do not understand this, and many friends were worried and asked me yesterday if it would affect the price of BTC. I think American investors will also have some hesitation like this.
So it's best to observe for now. After all, from what we can see, BTC not only has no negative news but also has positive information. MSTR has raised $3 billion, and this money will likely be spent in the short term to buy BTC. Once announced, it can raise the price of BTC and enhance MSTR's valuation, at least making those who short feel uncomfortable.
Data has been updated, link: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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