Last Friday, the data of Bitcoin spot ETF was still lukewarm, with a small outflow of 556 BTC from US investors. This data may not have any impact on the price, but from the perspective of investor sentiment, it is not very optimistic. Although most investors do not have the intention to sell, their purchasing power is still low, which still represents investors' wait-and-see attitude towards the short-term cryptocurrency market. From the weekly data, the net selling of investors in the 65th week was more than four times that of the 64th week. Based solely on this data, investors' emotions worsened after entering the 65th week. Combined with the macro sentiment of the 65th week, it is true that the tariff escalation in China and the United States occurred during this week, so it is normal for investors to take some risk aversion measures. Next, let's take a look at this week's data. If investors still have no intention of buying, although it cannot be said that the price of Bitcoin will not rise, it also represents that ETF investors are not very interested in short-term price fluctuations of BTC. It is more likely that they expect economic problems to occur in the United States at any time. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex