Today's ETF

Yesterday, BTC ETF had a net outflow of $648 million (BlackRock did not disclose)

Yesterday, ETH ETF had a net outflow of $58.1 million (BlackRock did not disclose)

I mentioned earlier that when it really needs to drop, ETFs run faster than anyone else.

A few days ago, there were already some signs; BlackRock has been supporting the market.

Smart money participated in the oversold rebound and bets on the U.S. presidential election in September and October.

Since November, it has mostly been the expectation of cryptocurrency being positively affected after Trump is elected, and this has been going on for over a month.

As the Federal Reserve's hawkish comments strengthen and the pace of interest rate cuts slows, the market's focus has returned to the expectations of Federal Reserve rates, which will dominate in the future.

This round has always been a narrative trading logic, but it only exists in Bitcoin; altcoins are just a game of existing funds and a small portion of incremental funds...

Next, Bitcoin will return to a large range of fluctuations, and altcoins will experience 'mean reversion'!

Let's wait for the crypto era to begin after Trump officially becomes president!

But this will take some time~