On the fourth working day of this week, the spot ETFs of BTC and ETH continued to flow out, but the outflow volume still slowed down. Some friends may say that this is because the core PCE data is good, but this data is from Thursday, when the decline was the most severe, Bitcoin even fell below the $80000 mark, but I'm not saying investors are not selling anymore. In fact, investors are still selling. But what can be seen is that the panic is gradually subsiding. Don't misunderstand here. It's not that we don't panic anymore, but rather that the most panicked time has temporarily passed. The investors who stay now have certain expectations for the tariff issue, so panic has led to a decrease in the number of investors leaving the market. However, if today's core PCE data is not optimistic, but inflation continues to rise, then I believe Friday's data will be even worse. Although the core PCE data is more optimistic, there are still many challenges ahead, one of which is the unemployment rate and the other is the dot plot. Especially the dot plot basically determines the sentiment in the second quarter. Many friends may have already seen that the GDP released in April may not be optimistic enough, which means that the US trade recession or expected recession is about to start again. So for the whole of 2025, it may be that Q1 has a chance to be optimistic, Q4 has a chance to rebound, and everything else is uncertain. In yesterday's data, BlackRock remained the main force of selling, while other ETF institutions were reducing their selling. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex