[EMC Labs Market Observation: January 10th became the biggest selling day for BTC in a year, and BTC is expected to fluctuate upward after the withdrawal of speculative funds] On January 10th, after the BTC ETF was approved, the speculative funds that had entered the market began to sell aggressively, selling about 67,977 BTC, the selling capital was as high as 3 billion US dollars. Yesterday was the biggest selling day for BTC in a year, causing the price of BTC to fluctuate violently, with an amplitude as high as 7.4%. According to EMC Labs data engine monitoring, the daily number of BTC entering the exchange ranges from 20,000 to 30,000, which nearly tripled yesterday. In terms of stablecoins, since January, there has been an inflow of up to 2.7 billion US dollars, forming new purchasing power on exchanges to hedge the withdrawn speculative funds. EMC Labs believes that judging from the current situation, the peak of speculative selling pressure of "selling facts" may have passed. The price of BTC increased by 1.18% and stabilized at US$46,000, without a sharp retracement. The supply of stablecoins is sufficient, and the market outlook coupled with ETFs With the inflow of funds, BTC is expected to fluctuate upward, pushing crypto assets into the fifth round of bull market.