In the past week, Grayscale’s GBTC has outflowed nearly 30,000 Bitcoins. This data is Grayscale’s largest single-week outflow since February, while other funds have net increased their holdings of less than 17,300 Bitcoins in the past week.

This data is the lowest single-week holdings data since the adoption of the Bitcoin spot ETF, so friends can also estimate the sluggish buying sentiment.

It needs to be emphasized that the trading volume of spot ETFs in the past week is still far behind the overall centralized exchanges. The relationship between the net inflows and net outflows of spot ETFs cannot determine the size of the pie. Prices can be used as a reference for sentiment. The focus is still on the attitude of investors after two o'clock in the morning every working day.

If there is still a net outflow, then the rest of the week may not be too friendly.