A few days ago, people were still praising BTC's good data, but it was a little worse on the last trading day. In fact, more and more friends now know that the data of#BTCspot ETF cannot represent the changes in BTC prices. It is more important to observe the emotions of American investors, especially whether they are in panic when selling.

Although the data of the previous trading day showed a net outflow, breaking the net inflow of US spot ETFs for six consecutive working days, the actual outflow was not large, only 382 pieces. The heaviest selling pressure came from Cathie Wood's ARK, which decreased by 725 pieces. Interestingly, ARK increased by 700 pieces on the previous trading day.

As I said today, unlike #ETH, Grayscale's $GBTC has not reduced its holdings of BTC much, and has been basically in single digits in recent days. However, Grayscale's $ETHE has reduced its holdings of ETH quite a lot. In the last trading day, a total of 5 ETF institutions reduced their holdings, 3 ETFs increased their holdings, and 4 ETFs were zero. Overall, the recovery in ETF investors' sentiment is still very limited, but there is indeed not much interest in selling.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing

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