Grayscale has reduced its holdings of hundreds of thousands of BTC, most of which have been accessed by new Bitcoin ETFs entering the market, and has redistributed the chip holding structure. These ETFs now hold 195,000 BTC, which exceeds the holdings of Microstrategy 190,000 pieces.This change cycle is one month. Therefore, BTC cannot be bearish at present. These institutions are working hard to buy more as it falls.Based on the current weekly trend and fundamentals of the pie, the pie has full momentum for a short-term upward trend!
