Previously, when the market entered a volatile trend, I had always maintained the view that the market would eventually rise. However, due to the Grayscale sell-off at that time, the market began to continue to decline and panic spread.
But I also said at that time that Grayscale is not the only ETF on the market.
Bitcoin ETFs from other companies are also constantly being bought.
It’s just that the proportion failed to reach net inflows at that stage, and Grayscale’s selling amount will gradually decrease. Finally, the Bitcoin ETF reached a flat level some time ago, and slowly and recently, net inflows began, and market panic began to gradually decline.
And when this selling phase ends, the possibility that the main force will choose to pull up at this position is naturally very high. Then we saw the strength of today's rise. I still maintain the view of the last increase.
Bitcoin's performance today is indeed very good, but the altcoin market has obviously not kept up with the pace in the next period of time.
Personally, I continue to see a comprehensive rebound in the entire market.
