Odaily Planet Daily reported that after election day, investors' net inflow into US spot Bitcoin exchange traded funds reached $4.7 billion. According to data compiled by foreign media, these 12 funds come from issuers such as BlackRock and Fidelity Investments, and their total assets have now reached approximately $94 billion. James Davies, CEO of Crypto Valley Exchange, an on chain options and futures trading platform, said, "All trading is purely speculative now, and we expect a lot of volatility and a lack of clear signals in the near future as we wait for policy announcements from the United States Davies pointed out that $90000 is a key indicator that needs to be closely monitored to see if it can serve as a "resistance level" or if Bitcoin can stand strong at this point. According to data from the Deribit exchange, one of the highest concentrations for bullish Bitcoin option bets is the strike price of $100000. Outside of Bitcoin, smaller tokens such as Ethereum, the second largest token, and Dogecoin, which is popular among retail investors, saw mixed gains and losses on Friday, consistent with traders reducing their bets on the Federal Reserve's interest rate cut after Powell's comments, leading to a decrease in market risk appetite. （Bloomberg）
