The market experienced violent fluctuations yesterday, with retail investors selling a large amount of Bitcoin in panic, causing trading volume to reach a peak this year. However, BlackRock's ETF rarely saw a large outflow, and even when the market fell by 14%, professional institutions still held on, eventually narrowing the decline to 8%. This phenomenon shows BlackRock's confidence in Bitcoin's bottom of $47,000, which deserves high attention.
At the same time, the Ethereum ETF showed positive inflows, even though the price returned to the level at the end of last year and the beginning of this year. This situation indicates that the market may be oversold, especially the ETH/BTC exchange rate may have bottomed out. Although the road to long-term investment is not smooth, it is more important to pay attention to market trends at this time, which may lay the foundation for future increases.
