BTC Mainstream and Institutional Fund Flow:

1) Yesterday, the net inflow of BTC's ETF institutions was 350 million USD, with BlackRock buying 217 million USD. Recently, ETF institutions have been consistently buying;

2) In the last 24 hours, the net outflow of mainstream funds in the spot market was 54.36 million, while the net inflow of contracts was 288 million. The net outflow in the spot market is weakening, while the net inflow of contracts is quite strong;

3) In the last 24 hours, buy orders on the order book were stronger than sell orders;

Therefore, a sharp decline is unlikely, but rather a wide range of fluctuations.