The spot ETF market resumed 4 consecutive days of positive inflows last week, pushing the price of Bitcoin to more than $70,000, while the average price of short-term holders has risen to $57,650, and this average price line may reach $60,000 in the coming period, which means that even if there is a deep short-term price decline, it will be difficult for Bitcoin to get close to or fall below this average price line. The last time the ETF was approved there was a 10-day decline, and on January 23, it was close to this line, when the price was around $38,500, and we can always find strong support at the average price line in the context of the current bull market, and the short-term price low is about $57,650, which is unlikely to be lower.