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according to BitcoinTreasuries.NET data, the Bitcoin holdings of American Bitcoin Corp, a Bitcoin mining company supported by the Trump family, have increased to 5,044 BTC, an increase of 261 BTC.
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
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