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宇树量化
LTH 减持 vs ETF 承接
第三季度，比特币长期持有者减持了 248,000 BTC（约 174 亿美元），同期现货 ETF 只净买入了 79,800 BTC——机构大约只接住了三分之一。
在 BTC 上涨 42.7%、触及 $83,570 的过程中，钻石手把筹码交给了谁？这或许是本轮行情最值得追问的一个问题。
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