Bitcoin ETF Institutional Fund Flow:

1) Yesterday, the ETF net inflow was 500 million, with BlackRock's net inflow at 152 million and a total net inflow of 52 billion USD. BlackRock primarily buys more and sells less, becoming the ETF institution with the most BTC held;

2) BTC has been fluctuating between 10.6 and 10.8 for three days with very little volatility, and it will choose a new short-term direction next week;

3) Personally, I believe that there is a probability of a direct upward breakthrough, but it is low; the probability of first dropping to around 10.2 and then fluctuating upward is higher.