Mechanism of Volatility and Investor Behavior

The weekly inflow was primarily driven by a strong three-day rally from Monday to Wednesday, coinciding with Bitcoin's price appreciation to a high of $84,777. Conversely, the late-week reversal was characterized by investors exiting as the asset's price retreated toward $80,000, aligning with research suggesting ETF investors often sell into price declines rather than acting as 'dip buyers'.

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