BTC Declines - Price Basis Narrows - Hedge Funds Sell ETFs - BTC Price Falls This bull market ETF is the engine, with a positive spiral in the bull market and a negative spiral in the bear market. Next, we can only wait for the news of establishing BTC national reserves. Currently, the probability on Polymarket is 46%, but there is still a chance. Shanzhai has no more stories to tell. Let's take a closer look at the narrative of this round: Depin、RWA、 The inscriptions, memes, and AI agents have all cooled down.