<div><h3>Topic Summary and Market Impact</h3><p> BTC spot ETF has experienced net outflows for three consecutive days. The market has doubts about the continuation of the bull market. BTC prices are under short-term pressure and investor sentiment has become cautious.</p><h3> Drive logic analysis</h3><p> The capital outflow was mainly affected by short-term profit-taking and macro uncertainties. At the same time, some funds flowed to emerging products such as Ethereum ETF, indicating a rotation of funds among sectors.</p><h3> Strategic recommendations and risk warnings</h3><p> It is recommended that conservative investors wait and see, while aggressive investors can take light positions for short-term speculation, pay close attention to ETF fund flows and market sentiment, and be wary of reversal risks and the impact of macroeconomic variables.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>AI-generated summary, not investment advice</small></p></div>