#比特币ETF产品 Bitcoin ETF has shifted from last year's frantic accumulation to net selling, and this signal is very important. December data shows that the US spot ETF reduced holdings by 24,000 BTC, forming a stark contrast with the frantic accumulation in Q4 2024.

Here's the key point: weak demand is the real reason for the price decline. The three previous waves of rally (ETF approval, the presidential election, and hype from treasury companies) have basically been digested, and the new buying interest has not kept up. The price breaking below the 365-day moving average, a long-term support level, often signals a shift from a bull to a bear market in history.

From another perspective, this is not a bad thing for our "撸毛" community. During market downturns, it becomes a golden window for interaction—project teams need user activity to maintain momentum, and airdrops usually won't shrink, with some new projects even choosing this timing to launch and attract attention.

So the current strategy is clear: don't blindly chase high-position projects. Focus on those with decent fundamentals that are being overlooked due to the overall market downturn. Participate at low cost, and when the next cycle arrives, harvest the gains. This is the way for intermediate "撸毛" players.