BlackRock's Bitcoin ETF saw a net inflow of over $5 billion for 20 consecutive days, but large transfers may trigger short-term selling pressure; after the US-China trade agreement was reached, the correlation between Bitcoin and the S&P 500 index rose to 83%, with some funds flowing back into traditional stock markets, causing prices to retreat from $105,720. The stimulus power of CPI data is limited, and we expect further pullbacks in the future.