#现货比特币ETF This data is quite interesting. The retail investor buying has really bottomed out, what does this indicate? It indicates that many people have started to calm down.

I still remember those years, whenever Bitcoin fluctuated, retail investors would follow the trend and chase the ups and downs, resulting mostly in being harvested. This time is different, the US stock market has seen double-digit gains this year, while Bitcoin is still in the red, but retail investors have not gone on a buying spree — this is actually a manifestation of rational return.

Interestingly, the attention has shifted to gold and silver. This seems like bad news, but it may not necessarily be so for us. The real benefit is that those who hold Bitcoin now are mostly steadfast long-term players, while speculators have been washed out. In this case, the market is actually more stable and less susceptible to short-term emotions.

Of course, there is a key point that cannot be ignored - the risk of forced selling by institutions still exists. This is why I have always emphasized the importance of looking at the fundamentals of the project and the flow of funds, rather than dancing to the emotions of retail investors. The slowdown in inflows into the spot Bitcoin ETF precisely indicates that the market is reassessing value, and at this time, one should be wary of those still promoting FOMO.

The arrival of interest rate cuts as scheduled is the logic for long-term improvement; short-term fluctuations are just a normal cleansing process. Before this, one must maintain a stable mindset and defend the lines well.