Qiuzi noticed that many brothers are paying attention to the situation of Bitcoin CME futures and ETFs, so I will share some thoughts.

As for CME futures, there is currently no obvious signal of a peak, and the daily chart has shown two consecutive lower shadows. It is mainly in a consolidation phase.

However, at this position, I personally think the probability of continuing to rise is quite high. If the gap below needs to be filled, it should have been filled a long time ago. Currently, the emotional drive is clearly not over, so in the short term, the gap below should still not be considered for filling. I will follow up on the specific developments in the market.

Regarding the ETF spot, it maintained an inflow status yesterday at noon, but there was a lot of outflow in the afternoon and evening. There is a high probability that previous segment profit-takers are involved, as the ETF had an outflow of 692 million yesterday. Given this intensity, Bitcoin should not have retraced that much.

Of course, there will also be many retail investors following suit to sell off. As long as there isn't a continuous outflow, Bitcoin still has the conditions for a sustained upward movement. Let's focus on the future market developments!