Phyrex|Feb 07, 2025 14:25
Compared to ETH, the spot ETF data for BTC is slightly worse, mainly because both BlackRock and Fidelity have shown signs of reducing their holdings. Of course, the amount of reduction is very small and does not affect the price trend. Moreover, all three giants have reduced their holdings, reducing a total of 1199 BTC. Except for Jing Shun, which had a net inflow of 51 BTC, other US ETFs have not changed, which also indicates that investors continue to maintain a wait-and-see state.
Just after the latest non farm payroll data was released, the price of BTC has once again returned to above $100000. The market interpretation is that although it will not increase the number of interest rate cuts by the Federal Reserve, it represents the strength of the economy, and the US stock market has also turned upward before the market opened.
If the upward trend can be maintained today, the two days this weekend will be slightly better, and the spot ETF purchase volume today should be good.
Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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