Parl BTCETF Daily Commentary – October 29 The ETF saw net buying for three consecutive days, totaling +424 million, turning positive for the month. However, the price twice attempted to break through 81.8k, but failed to hold on either time. 1. Data Summary October 28: Overall +137 million, IBIT +136 million, BITB +1.3 million, all others were 0. Recent Three Days: October 26 +110 million, October 27 +176 million, October 28 +137 million. The month-to-date cumulative net buying turned from -27 million to +110 million. IBIT +1.15 billion, FBTC -564 million, ARKB -315 million. 2. Data Analysis 1) Currently, ETF funds are only buying IBIT, indicating limited buying interest. The three consecutive days of inflows are true, but a daily volume of over 100 million is insufficient to sustain a one-sided trend. 2) Market Overview: Last night's opening and the market's fluctuations during the meeting tested the 82 bearish observatory twice, but were rejected, and the price has since fallen. This decline hasn't broken new lows; it continues to build the IDM (Indexed Downward Movement). Frankly, the IDM here definitely needs to be bought up; without buying up, there's no way to go long. Only after buying up can we see whether it will continue downward or reverse, providing an opportunity to go long.