On Thursday, although the specific reason for the decline was unknown, it indeed triggered panic among investors. American investors sold over 5,000 Bitcoin in a single day on the $BTC spot ETF, the largest amount since August 1. BlackRock, Fidelity, and Grayscale were the top sellers. However, while 5,000 BTC exceeds normal data, its impact on the spot market is not significant.

Next, we will have to wait for sentiment to correct. Currently, it seems that U.S. stocks have returned to an upward trend, and it appears that the sentiment over the weekend should not be too bad. As long as there are no unexpected issues, prices are likely to stabilize somewhat.

This article is sponsored by #Bitget ｜ @Bitget_zh

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