A few days ago, I just praised the data for $BTC as being very good, significantly exceeding the average. However, the data started to decline back to the average on Monday. Overall, the data is still okay; apart from Bitwise and Invesco, which had net outflows of no more than 200 Bitcoins each, other institutions did not experience outflows. Although purchasing power has indeed decreased, investor sentiment remains quite stable.

From a bird's-eye view, the stability of BTC's price on Monday was decent, and Tuesday's stability was also good, but it did not show the same upward trend as last week. Therefore, it is understandable that investors who chase highs and sell lows have started to reduce their investments. After all, the focus this week is still on the monetary policy meeting, so it makes sense to observe for a couple more days.

This article is sponsored by #Bitget ｜ @Bitget_zh

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