Yesterday, not only was the data for ETH strong, but the data for BTC was even better, finally reversing three consecutive days of net inflows. There was not only a net inflow, but the inflow data was also quite good, with nearly 6,500 BTC net inflow on the previous trading day. BlackRock, Fidelity, and Grayscale's Mini ETF saw net outflows exceeding 6,000 BTC. Investor sentiment did indeed increase after Powell's speech, but like ETH, although sentiment is good, purchasing power is still lacking.

In terms of sell-offs, BTC has remained very low. Yesterday's data showed that only Grayscale's GBTC and Invesco combined had a sell-off of just 70 BTC, which is almost negligible. After all, more funds are now leaning towards BTC, and many states in the U.S. are preparing to start BTC reserves. There is an increasing belief that BTC is likely to develop a long bull trend like gold.

However, compared to other tokens, it seems that currently only #ETH still has staking expectations, and #SOL may not be significantly affected by the larger cycle, while others will still be constrained by liquidity.