Yesterday, in the absence of significant market fluctuations, BlackRock once again purchased 12,000 Bitcoin, valued at nearly 900 million. This is known as arbitrage funds, buying in the spot market and shorting in the futures market where there is a premium;
When arbitrage funds of this scale and level enter the market, it indicates that the market is nearing its final stages. Therefore, what people actually observe is that when there is a large inflow of ETF funds, it represents a peak, and when there is a large outflow of ETF funds, it represents a bottom;
