The market adjustment for Bitcoin has ended, and a rally is about to start.

I didn't expect the volume to start increasing in the early hours of today, and it has now broken through the 100,000 mark. It is estimated that it will break through 110,000 in one to two weeks.

However, looking at the net inflow data for Bitcoin spot ETFs, aside from IBIT, the net inflows for FBTC, ARKB, and BITB have not been significant in the last couple of days; the Coinbase Bitcoin premium index has shown a noticeable increase.

The current upward trend does not seem to be driven by ETFs.