For four consecutive weeks, the cumulative Delta of spot trading on the four major exchanges has been net selling (approximately 15000 BTC) The price is actually rising, mainly contributed by contracts (net long position of 50000 BTC) If you don't understand, just ask Who bought the BTC spot and if it was bought on the exchange, why is it not displayed? 2. During the same period, there was a continuous net inflow of BTC ETFs (approximately 50000 units). Through which channel was BTC purchased? How to influence BTC price