Weak hands are being flushed out + the ETF officially turns positive—this kind of resilience is something. Tuesday’s CPI is the main event, so keep a close watch.

Wu Says learned from Wintermute’s weekly report that, amid macro shocks from last week’s geopolitical crisis (U.S. airstrikes, strait closure), BTC still held firm at $62,000 and rebounded to around $64,000, reflecting that the market’s “weak hands” have basically been flushed out. Meanwhile, the crypto market ended 8 straight weeks of ETF net outflows, recording a net inflow of $282 million last week. MicroStrategy’s move to sell 3,588 BTC to pay dividends also failed to trigger significant market volatility. At present, driven by a sharp jump in oil prices, the probability of a rate hike in September has risen to 61%. The CPI data scheduled to be released this Tuesday will be a key catalyst for whether the market can establish a recovery trend.