Basically, it is clear that the grayscale of the last
bull market can only enter and cannot exit the
mode, pushing the pie to pull all the time. This
round should be ETFs, and the underlying reasor
is the same, that is, to introduce more external
funds into the currency circle.
There are thousands of factors that affect the
market, but there is only one at the bottom, that
is, the $FLOW$ of funds!
However, from this point of view, there are no
conditions for a big bull market now, because the
external capital environment is constantly tight.