1. Powell gave a speech at 21:30 last night. This was the first time Powell made a public statement recently. Thursday is the Independence Day in the United States. The U.S. stock market is closed. Wednesday is also closed for half a day due to the Independence Day. The non-farm employment and unemployment data for June will be released on Friday. I expect the non-farm data for June to be relatively low, which is good for the market.

2. Regarding ETFs, the net inflow of the U.S. spot Bitcoin BETF on July 2 was $129 million, of which FBTC inflow was $65 million. BlackRock IBIT has had 0 transactions for nearly 10 trading days. At present, the ETF has had a net inflow for 5 consecutive trading days, and the inflow of funds has a tendency to increase. The U.S. capital situation is gradually warming up.

3. The research report stated that the net inflow of Ethereum spot ETF in the first six months may reach $5 billion, and the price of Ethereum will drive the market up. The European Cup will not end until July 15. At that time, funds will flow back to the B circle. In addition, as long as BTC falls in June, it will close positive in July. This year, BTC fell by -7% in June, and it is likely to close positive in July.