To be honest, I regret not closing my position when the BTC price hit 49,000 on the day of #比特币现货ETF . I was afraid of selling too much! But I forgot the old saying that good things always bring bad things. #BTC has been declining for the past few days, with a range of nearly 9,000U. Not only did I give up all my floating profits, but I was also trapped again. I can only watch the band dogs celebrate.
Later, I saw a report saying that a big investor decisively sold all the BTC he had accumulated from more than 20,000 at the peak of this round, making a profit of more than 60 million dollars. This shows that big investors are really good at buying and selling without being affected by the noisy information around them! That's why they can make a fortune!
The market these days has been somewhat pessimistic before the holidays, with various claims that "the market makers have cleared their positions and returned home for the New Year" rampant. Some people are also concerned that Grayscale has sold 52,639 bitcoins after GBTC was converted to a spot ETF, believing that this is evidence that the market makers have cleared their positions for the New Year.
Is the situation really that bad? I don't think so. Take the sale of Bitcoin for example. It is true that Grayscale sold 52,639 BTC, but you should also see that Grayscale's current holdings are 566,973, which means it only sold about one-tenth of them. The negative premium of GBTC has further narrowed to less than 0.3%, recording 0.27%, which can also be regarded as a normal investment strategy of the fund company and does not need to be over-interpreted.
According to today’s news reports, Bitcoin News tweeted that Bitcoin ETFs (excluding GBTC) increase their holdings by about 13,000 Bitcoins per trading day.
Bitcoin ETF's total assets under management exceed US$29 billion
On January 21, according to Coinglass data, #比特币 #ETF the total assets under management reached US$29.16 billion.
Among them, the top three Bitcoin ETFs in terms of asset management scale are:
GBTC’s assets under management reached $23.537 billion;
BITO has $2.279 billion in assets under management;
IBIT’s assets under management amount to US$1.172 billion.
It can be seen that the capital inflow brought by Bitcoin spot ETF is gradually expanding, and the positive news is still continuing. When everyone around is pessimistic, perhaps a new spring offensive is about to be launched! Everyone sit tight and wait for takeoff, after all, there is still the positive news of Bitcoin halving that has not yet landed!
