According to on-chain analysis by Ember Monitoring, a significant transfer of Bitcoin (BTC) is expected as the U.S. stock market opens on January 29. Based on the inflow/outflow data of BTC spot ETF funds on January 26, an estimated 12,504 BTC (approximately $525 million) will be moved to each ETF custody address.
Notably, the Grayscale GBTC custody address is expected to see an outflow of about 6,077 BTC (representing a capital inflow of $255 million on January 26). The nine other ETF custody addresses are projected to experience an inflow of approximately 6,427 BTC (equating to a capital inflow of $270 million on January 26). The overall net inflow is therefore around 350 BTC, or approximately $14.8 million.
