According to CoinMeta, BlackRock, the head of digital assets, Robert Mitchnick stated that in the past month, there has been a noticeable but mild improvement in the sentiment of the Bitcoin market. Since the beginning of this year, the correlation between BTC and U.S. stocks has declined. During the significant correction of AI concept stocks in July, Bitcoin outperformed relatively, and this decoupling helps to reinforce its role as a tool for diversifying asset portfolios and as a potential hedge against tail risks. Mitchnick mentioned that Bitcoin ETF investors are still mainly long-term holders. Last week, there was a net inflow of U.S. spot Bitcoin ETF for five consecutive trading days, totaling approximately $853.5 million, which is the best weekly performance since mid-April. Of this, the net inflow on BlackRock IBIT was about $693.7 million, accounting for over 80% of the total inflow.