#比特币ETF资金流动分析 Recently, I’ve seen some analyses suggesting that institutional investor confidence is rebounding, but I don’t think we can draw that conclusion so quickly. According to CryptoQuant data, the Coinbase Bitcoin premium is still negative, which means large institutional investors’ buying interest isn’t strong enough yet. However, there’s no need to be too pessimistic—after the ETF is approved, capital inflows will be a gradual process. At this stage, we still need to be patient and observe, paying attention to capital flows and premium indicators on major exchanges. For those holding Bitcoin, I suggest continuing to hold and waiting for a clearer upward signal before considering increasing or decreasing your position.