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#BTCETF Position analysis on January 30:
1. Compared with this Monday, the positions of 10 ETF funds have finally turned positive. For the first time since I started counting, the buying scale > selling.
2. The net buying in the past three days is the direct driving force for this rise.
Grayscale's selling volume of $BTC is slowing down, and the number of Celsuis and FTX selling $ETH due to liquidation requirements has also decreased. The selling pressure since January 11 has been released to a certain extent.
However, this does not mean that the currency price will turn around and break new highs. The follow-up market remains to be seen.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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