In terms of the inflow of Bitcoin ETF funds, compared to the emotional fluctuations of retail investors, the buying behavior of ETFs represents strategic positioning by institutions. The single-day net inflow exceeded 600 million USD, clearly conveying institutions' optimistic expectations regarding the current valuation level of Bitcoin and its future trends.

Especially after the turbulent consolidation in June, the market's expectations for the Federal Reserve's policy path in the second half of the year, macroeconomic prospects, and trends in the cryptocurrency sector (such as Ethereum ETFs, tokenized assets/RWA) are becoming clearer.

From the market observation, Bitcoin is currently in a key area of long-short contention. Notably, the continuous net inflow of ETF funds provides solid buying support for the market, significantly alleviating downward pressure.

Meanwhile, market sentiment indicators (such as the 'Crypto Fear and Greed Index') remain stable in the 'Greed' range of 60-70, indicating that the market is in a healthy stage of rising enthusiasm but has not yet reached bubble territory. This is expected to further boost overall market sentiment and drive up the valuations of mainstream coins and quality projects.

This 600 million USD is not the end of good news but is more likely a starting gun for a new bull market. For ordinary investors, the core question now is not whether the price will rise, but:

Do you deeply understand the structural changes in the market brought about by ETFs?

Have you begun to allocate core assets with long-term value?

Have you completed the key positioning before the main upward wave of the bull market starts?

The current market rhythm may well reflect the quiet accumulation of institutional funds.

#BTC #etf以太坊