The big one is here 🚀🚀🚀
Regarding ETFs, on May 5th, Bitcoin spot ETF saw a net inflow of $425 million, while Ethereum spot ETF had a net inflow of $0.
Last Friday, the U.S. non-farm payroll data was strong, with 177,000 new jobs exceeding expectations, and the unemployment rate at 4.2%. The S&P 500 has risen for ten consecutive days, and the market expects the Federal Reserve to maintain interest rates this week.
Bitcoin follows a 4-year cycle, and this year marks the end of the upward cycle, currently experiencing high-level fluctuations, with funds in the altcoin market waiting to be activated. In addition, institutions are strengthening their Bitcoin strategies, Tether is increasing the issuance of USDT, the SEC is evaluating the Litecoin ETF, and Ethereum is set for an upgrade.
If anyone feels confused due to market fluctuations, not knowing how to deal with being stuck, or feels misled during their operations, feel free to reach out for discussion!
