Last week, Bitcoin spot ETF saw a noticeable recovery in capital inflows. From August 3 to 7, there were five consecutive trading days of net inflows, totaling approximately $854 million for the week. The highest single-day net inflow was on August 5, reaching $244 million. This might not be the absolute bottom, but with institutional funds flowing back in, the credibility of the $65,000 range as a mid-to-long-term bottom is increasing.