#BTC #ETH The market experienced a slight pullback yesterday, but major ETF funds continue to flow in:

BTC: +1.6 billion USD — The inflow after the pullback is actually greater than the previous day, indicating a strong willingness among institutions to buy on dips.

ETF: +4.6 billion USD — Still maintaining large inflows, the popularity of ETH remains unchanged, with on-chain activity and DeFi fund accumulation both increasing.

The current pullback has not altered the bullish funding structure; rather, it may be a process of major players rotating positions and cleaning up floating supply. If funds continue to flow in, the subsequent rebound may exceed expectations, but attention should be paid to the changes in the correlation between U.S. Treasury yields and the dollar index. #加密市场回调 #美国7月PPI年率高于预期