The recent data of BTC spot ETF is really good. In the data of the past 24 hours, there was another day of net inflow. This is the third consecutive working day of net inflow. BlackRock, which was criticized a lot before, also increased its holdings on Monday. In addition to BlackRock, Grayscale, Fidelity, and VanEck also increased their holdings, especially Grayscale's net increase, which also reduced the selling of #BTC.

If Grayscale and other two ETFs are counted as one, the twelve U.S. ETF institutions have not reduced their holdings at all, and the other seven ETFs are also zero. The sentiment of BTC selling has dropped significantly compared to two weeks ago, but the purchasing power is still very low, especially compared with the first half of the year. The gap is too big. However, the advantage is that although the purchasing power is very poor, the selling volume has not increased.

In addition to the United States, the same is true for Hong Kong, Germany and Canada. The overall liquidity is decreasing, and investors' interest in buying is very poor. They still have to wait for the recovery of macro sentiment and liquidity.

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

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