Bitcoin spot ETF performed quite strongly yesterday, with daily inflows surpassing $700 million. This level of capital injection directly reflects a signal that market liquidity is in place. After the chips are fully exchanged, the price trend also rises accordingly.

It is worth noting that the continued net inflow of the spot ETF remains the driving force. The market closed early today, but the inflow of funds still dominates. Although the specific data is still being analyzed, the overall trend shows a green market.

Currently, this wave of pullback is actually a normal rebalancing adjustment, technically a routine correction. From a wave perspective, the upward potential remains considerable. There will definitely be selling pressure later, but as long as we wait near the key levels aligned with personal expectations, the opportunity to re-enter will come—at which point, the price is likely to drive another upward movement.