Against the background of sustainable BTC growth above $ 110,000, the balances of American spotto bitcoin-ETF continue to update historical maximums, demonstrating stable demand from investors.

The total volumes of the holding BTC exceeded the mark of 1.3 million coins. Especially actively, the positions were increased in early 2025 and in July.

Despite the overall positive dynamics, Grayscale continues to fix moderate outflows, which may indicate the redistribution of capital into more effective funds.

The BTC is traded around $ 115,000, but a short -term correction is possible up to $ 109,000 before the next pulse up. This is what I expect in the near future.‌‌