The impact of Bitcoin spot ETF on the market (May 4, 2024)

1. Can the recent inflow or outflow of Bitcoin ETF change the market's decline or change the market trend?

Answer: No, ETF will only accelerate its promotion and boost its direction, but will not change its direction. When it rises, it will rise more, and when it falls, it will fall more.

This cycle has not been completed, but there will be wide fluctuations, so there will also be a small rebound in the downward trend of the cycle. So for the second quarter, whether it is time or space, we must wait for the release of emotions and the breakthrough in the third quarter.

2. Bitcoin ETF trading volume

The basic trend is similar to the Bitcoin market. When Bitcoin rises, the trading volume becomes larger, and when Bitcoin falls, the trading volume also shrinks synchronously. Compared with the high price of Bitcoin in mid-March, the trading volume has shrunk by 70%.

3. Bitcoin spot ETF has net inflows for the first time after net outflows in the past 7 days. Although the inflow is not large, the volume is not large#美国4月非农就业人口增加不及预期 #BTC走势分析 #灰度GBTC资金流出趋势结束了吗？ #