GLASSNODE: ETF RUT VON, DON BACH CHUA HA NHIET Bao cao Market Pulse tuan 42 cua Glassnode, duoc cong bo ngay 12/10 voi du lieu den 11/10, ghi nhan $BTC giam khoang 3% trong tuan. Ap luc ban tang o ETF va thi truong phai sinh, trong khi Open Interest gan nhu khong thay doi. 1. ETF dao chieu sang rut von - ETF spot Bitcoin My ghi nhan rut rong 701,6 trieu USD, so voi vao rong 117,9 trieu USD tuan truoc. Khoi luong giao dich van tang tu 11 len 11,3 ty USD, nhung volume cao khong tuc nghia co them von mua. Dong tien rong cho thay kenh ETF da chuyen tu ho tro sang tao ap luc trong tuan. 2. Ben ban chu dong hon, vi the phai sinh chua co lai - Perpetual CVD chuyen tu duong 49,5 trieu USD sang am 681,8 trieu USD, phan anh luong ban chu dong vuot luong mua chu dong. Trong cung ky, Open Interest futures giu quanh 36,7 ty USD va khoan funding phia long tra giam khoang 25,8%. Gia dieu chinh nhung luong vi the mo chua giam dang ke, nen chua du co so de xem thi truong da giai phong don bach. 3. Von hoa thuc hien van tang, phan lon nguon cung con loi - Muc thay doi Realized Cap theo thang tang tu 1,1% len 1,2%, trong khi ty le nguon cung co loi giam tu 74,5% xuong 71,4%. Realized Cap dinh gia coin theo gia tai lan di chuyen gan nhat, nen muc tang nay khong phai luong tien mat duoc xac nhan nap moi. Du lieu cho thay von on-chain tiep tuc duoc nang len, nhung phan lon nguon cung van co loi nhuan va co the tao them ap luc chot loi. => Minh danh gia nhip dieu chinh nay chua di cung su thu hep ro cua vi the phai sinh. Muon danh gia kha nang phuc hoi, can quan sat ETF co dung rut von va luc ban chu dong co giam hay khong; rieng OI nen doi chieu them theo BTC de han che anh huong cua bien dong gia. => Ca nhan minh nghien ve kich ban $BTC can tai tich luy lai hoac co the dieu chinh ve test lai cac vung gia thap hon trong thoi gian nay - Y kien cac bac ra sao?