If we have to find a reason for this rapid reversal, then GBTC and ETFs are obviously indispensable!

According to the data, on May 3, with the surge in $BTC, a large amount of funds flowed in. GBTC increased its holdings for the first time in history. The signal is obvious, and perhaps this is the beginning of the reversal.

As we all know, GBTC has been selling since it was approved by ETFs, with a cumulative reduction of more than 200,000 BTC. Now it has begun to increase instead of decrease, and its importance is self-evident.

There is no hope for an interest rate hike, and an interest rate cut is imminent this year. The capital market has higher expectations for the future market. ETFs continue to increase their holdings. This is a real inflow of funds, and the future market is promising. Let me say it again, this is a bull market relay, and everything has just begun!