Grayscale leads the buying! A reversal of the general trend?

The data of ETFs on May 3rd came out. After more than 70 days of smashing Bitcoin, Grayscale ushered in a net inflow for the first time, reaching 63 million US dollars. Other ETFs are not to be outdone, all in a net inflow state, with a total inflow of 370 million US dollars.

Since touching the 120-day moving average on May 1, it can be said that it has ushered in a strong rebound. Especially yesterday, all ETFs were in an inflow state. In fact, it is not difficult to see that this may be some potential signals, which is extremely good from the perspective of capital and confidence recovery. #BTC

In fact, more often the trading status of ETFs is more market-oriented. When the market is hot, it adds fuel to the fire. When the market is calm, it smashes a cooling period. The trading volume is similar to the market. Compared with the high point of Bitcoin price in mid-March, the trading volume has decreased by 70%, but it also means that the reversal of the cycle level may begin. $BTC $ETH $BNB