Many people are still debating whether the "non-farm payroll data is good or bad," "unemployment rate has gone down or not," and "when exactly the Federal Reserve will cut interest rates." Are these important? Of course they are; they can indeed cause the market to shake. But the game that BlackRock and these folks are playing is not in the same dimension at all.

They are looking at the next five or ten years. When the flagship of traditional finance begins to turn around, and spot ETFs become a 24-hour nonstop "accumulation machine," absorbing the circulating chips in the market every day, do you still think this bull market will be the same as before, just a quick rise and then a end?