I mentioned yesterday that I would like to look at the data of Monday's BTC spot ETF. After all, some changes in tariffs have led to an increase in the prices of US stocks and Bitcoin. From the results, it did not meet my expectations. After all, US investors are still experiencing net outflows. Although the outflow has been reduced to double digits, selling still dominates. However, from the data, it can be seen that BlackRock's investors have experienced net inflows again after a six-month hiatus, but at the cost of a net outflow of Fidelity users, which is even higher than the inflow of BlackRock users, indicating that current investors still have some differences. From the overall trend, investors do not have a short-term bullish outlook on cryptocurrencies, but their long-term expectations should still be good. The sell-off has indeed further decreased. Currently, many analysts in the United States believe that as long as the US stock market remains stable, cryptocurrencies will have room to continue to rise. But to stabilize the US stock market, at least there needs to be a stable economic environment, and the expectation of recession caused by tariffs and GDP has not been eliminated yet. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex