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#加密货币ETF发展 Recently, it has been observed that Bitcoin whales are accelerating their accumulation, with data showing an addition of over 45,000 BTC this week, amounting to approximately 4.6 billion USD in inflows, marking the second largest scale since 2025. This large-scale accumulation of chips is likely due to institutional positioning. At the same time, there has been a wave of redemptions in spot ETFs, with BTC and ETH ETFs seeing outflows of 278 million and 184 million USD respectively. This contradictory phenomenon is worth noting, as it may reflect the divergence among different types of investors. Considering the macro favourable information such as the reopening of the U.S. government and the release of 40 billion USD in liquidity, Bitcoin may maintain a stable trend in the short term, but it is still necessary to closely follow the on-chain capital flow and the movements of large investors to assess the medium to long-term trend.

BTC-6.4%
ETH-8.96%
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