According to on-chain analyst Yu Jin on platform X, based on the inflow/outflow of BTC spot ETF funds on January 25th, it is estimated that there will be a transfer of approximately 17,812 BTC (equivalent to $708 million) at around 22:30 when the US stock market opens tonight. Among them, approximately 9,911 BTC will flow out from Grayscale GBTC custody address (outflow of $394.15 million on January 25th); the remaining nine ETF custody addresses will receive approximately 7,901 BTC (inflow of $314.53 million on January 25th). The overall net outflow is about 2,010 BTC (equivalent to $79.62 million). Currently, the total holdings of these ten BTC spot ETFs amount to approximately 643,905 BTC.