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

I didn't expect it to start surging with increased volume early this morning, and it has already surpassed the 100,000 mark. It's estimated that it will break through 110,000 within a week or two.

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

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