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Recently, there are a few things in the crypto world worth paying attention to.
First, let's talk about BlackRock's move — they withdrew a total of 6,647 Bitcoins and 4,179 Ethereum from a major trading platform. What does this action indicate? It suggests that institutions are adjusting their holdings strategies, or perhaps they want to increase the proportion of assets they directly control. Changes in the positions of these large players often reflect their market judgments.
From a funding perspective, the performance of Bitcoin ETFs is quite interesting. Bloomberg data shows that from the beginning of the year until now, Bitcoin ETFs have had a total net inflow of $1.5 billion. What does this mean? It indicates that institutional investors have been steadily absorbing selling pressure in the market, and market demand remains relatively robust.
Additionally, economic data in the US is also changing. The number of initial jobless claims unexpectedly decreased, but let's not forget that seasonal factors still exist. Although this macro data may seem insignificant, it can cause short-term fluctuations in market sentiment.