Reality exceeded my expectations.

CN
Phyrex
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1 day ago

Reality has exceeded my expectations. I thought that after BTC fell below $70,000 again, ETF investors would continue to sell off, but to my surprise, there have been three consecutive working days of net inflow. For now, it gives me the feeling that traditional investors are bottom-fishing. Whether this is correct is still uncertain. On one hand, the buying volume is not very large; on the other hand, it has only been three working days. Let's observe over a longer period, especially this week.

From a God’s-eye view, although today’s non-farm data is good for the economy, it is not very friendly toward interest rate cuts by the Federal Reserve. However, the market has not fully bet on the impact of Waller on the Federal Reserve yet. From my personal perspective, the positive news for the economy outweighs the demand for interest rate cuts. If this is correct, today’s ETF should continue to see net inflow.

Even though the price of Bitcoin is falling.

@bitget VIP, lower rates, better benefits


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