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I came back and took another look...
It turns out that ETF funds drove up yesterday's surge...
Yesterday, the single-day ETF inflow was 1.1 billion! This is already the second-largest amount of single-day inflow since the establishment of the ETF.. (The largest remains the day when old Trump was elected, with a single-day inflow of 1.3 billion.)
However, I still don't understand why there was a surge in buying on this day...
I asked about the newly released GROK4, which claims to be the AI beacon of wisdom... After searching various major influencers and analysts today, I found there wasn't much concrete information... There were only some general statements like "institutions and companies are continuously hoarding coins, and old Trump is putting continuous pressure on Powell to cut interest rates," and so on.
Of course, some people say that the meeting in the east today... could also be due to this wave from early this morning...
But it should not be the reason for the ETF funds entering yesterday....
Is it because of next week's Crypto Week in the US? (Next week, Congress will focus on discussing several bills related to the crypto space.)
If this wave is still being driven by spot funds from ETFs... then I, as a reversal trader, can only take a break...