On August 28, Bitcoin:native spot ETF total holdings dropped to 1.

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Phyrex
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1 hour ago

On August 28, the total holdings of the bitcoin:native spot ETF decreased to 1,258,001.58 BTC, with a net reduction of 2,574.16 BTC on that day, ending a previous streak of 9 consecutive trading days of net inflows.

However, from a longer-term perspective, it is still premature to discuss a reversal in funding trends. This week still accumulated a net increase of 11,993.45 BTC, with a total net increase of 24,686.62 BTC in the last 7 trading days, and since August, there has been a cumulative increase of 45,287.98 BTC, an increase of 3.73%.

What needs to be observed for BTC now is the next few trading days. If continuous similar reductions in multiple products occur, only then will the recent round of replenishment truly show signs of cooling. If a quick return to positive territory happens, then August 28 will be closer to normal funding fluctuations after consecutive increases.

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction market one-stop trading


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