Although everyone thinks that ETH has exceeded BTC based on the funding data, which seems significant, if we look solely at BTC data, we can see that this buying power is still at a low level for BTC. The twelve U.S. ETFs have only increased their holdings by 2,980 #BTC, which is not much. The comparative data is mainly to let everyone know that outside of that, only about 10% of the funding is available. Now, only ETH has suddenly surged, while BTC remains on a normal trend.
This indicates that the agency's promotion is mainly targeting #ETH. Just a wild guess, perhaps BlackRock, Fidelity, and Grayscale are all preparing to apply for #Ethereum spot ETF staking. After all, I can't think of any new reasons beyond that. Even if BlackRock plans to launch the RWA project, there may not be so many investors following it.
Of course, this is just a personal guess and cannot be seen as something that will definitely happen. We still need to observe for a few more days. If there is still strong buying power this week, the possibility will be greater. However, if the buying power returns to zero starting Monday, then there may be other reasons.
For BTC, there hasn't been any significant change. Investor sentiment has neither improved nor significantly declined. However, today Michael suddenly released information that he has already explained the significance of BTC reserves to Microsoft's board, which took me by surprise. I thought it would be later. However, mentioning it early indicates that Microsoft's board may pay more attention to the vote on #Bitcoin strategic reserves.
Currently, my personal probability is at 35%, and I allocated 5% for weekend lectures.
Data has been updated, link: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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