Today, BTC data has come out first, while ETH is still waiting for a Fidelity data report. Both BTC and ETH data are quite good today, especially the increase in holdings of BTC by BlackRock, which is at the highest single-day level in history, with an increase of 14,607 BTC in the past 24 hours. In addition to BlackRock, six other ETF institutions have also increased their holdings, totaling an increase of 19,692 BTC.
In terms of reductions, only Invesco has reduced its holdings by 42 BTC, and three other institutions have not increased their holdings. Overall, this data truly reflects the FOMO sentiment of American users. Just yesterday, I was saying that although Trump was elected, there was no sign of enthusiasm from American investors, which I found very strange. There is clearly a strong willingness to buy, but why isn’t it reflected in the data?
Today, the purchasing power of the twelve BTC spot ETFs from the previous trading day has already shown the expectations of American investors regarding Trump's presidency. If this trend can continue, it is very likely to be the prologue to a bull market.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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