For more than two months, there has been a continuous inflow of Bitcoin spot ETFs, but it has not led to a sustained new high in Bitcoin prices. After reaching $112,000, each rebound has been weaker than the last, as if Bitcoin is being suppressed. The market lacks liquidity, and the anticipated interest rate cuts have yet to arrive.
Currently, there are no new highlights in the market; it mainly revolves around reserves and ETFs. Top global capital has also joined in, creating a sense of a ceiling. New growth points are needed; without them, there will continue to be corrections and liquidations.
