#现货比特币ETF This data is quite interesting - retail investors' buying volume has fallen to the bottom, while gold and silver have attracted considerable follow. On the surface, it seems a bit frustrating, but I think this is actually the market undergoing a very healthy selection.

Think about it, in the past decade, Bitcoin and US stocks have progressed together, and everyone has comfortably made money. But this year, while US stocks have seen double-digit gains, Bitcoin is in the loss zone, which tests people's patience and faith. Those retail investors who bought the dip have temporarily gone quiet, and some funds have flowed into gold and silver—this is not surprising, after all, the story of precious metals is more "traditional" and easier to understand.

But what I want to say here is that those who truly understand the long-term value of Web3 and Bitcoin are still holding strong. This wave of fall seems to be washing away those weak-willed speculators, leaving behind the long-term supporters who genuinely believe in a decentralized future and understand the essence of digital assets.

The realization of interest rate cut expectations and the alleviation of institutional risks make it very likely that Bitcoin will once again demonstrate its unique value as "digital gold." The emergence of spot Bitcoin ETFs itself is a signal of traditional finance moving closer to Web3—this transformation will not stop due to short-term volatility.

What we need to do is to persist in learning and understanding the philosophy behind Bitcoin and crypto assets, rather than being swayed by short-term emotions. True revolutions are never smooth sailing.