On Monday, the $BTC spot ETF data ended a continuous 12-day net inflow of Bitcoin. Although the outflow was not significant, it is evident that some investors chose to exit, marking the second consecutive day since Friday that there has been a net outflow from U.S. ETF institutions, excluding BlackRock.

On Monday, BlackRock's investors had no buying or selling activity. As mentioned previously, the current situation does not indicate that overall U.S. investors are FOMOing, but rather that BlackRock's investors have been consistently buying. If BlackRock's investors stop buying, it could indicate a cooling of FOMO sentiment, and the spot ETF data may begin to shift.

Let’s observe for a few more days. Currently, from a price perspective, although FOMO sentiment is low, price stability is still quite good.