$ETH Major market dynamics revealed!
Guess what shocking event happened in the Ethereum world yesterday?
The Ethereum ETF market is a "mix of ice and fire" spectacle!
🔥 Sell-off storm sweeps in!
Yesterday, eight heavyweight Ethereum ETF institutions in the United States jointly launched a sell-off frenzy, selling a total of 100,230 ETH. This move instantly detonated the market, with a total sell-off of up to $316 million! Behind this figure is a direct reflection of the market's complex emotions and strategy adjustments for future trends.
Grayscale leads the "dumping" drama: As a market giant, Grayscale's operation this time is particularly eye-catching. It alone reduced its holdings of 140,214 ETH, with a staggering value of $442 million. Despite this, Grayscale still holds 2,489,075 ETH, and its holding value is firmly at a high level of $7.85 billion, demonstrating its deep market heritage.
❄️ Fidelity Funds is unique and increased its holdings against the trend: In this sell-off storm, Fidelity Funds (Fidelity) has become a clear stream. It chose the opposite direction of the market mainstream and increased its holdings by about 22,000 ETH, with an increase of about US$69.41 million. This move not only demonstrates Fidelity's firm confidence in the long-term value of Ethereum, but also increases its total holdings to 43,750 ETH, with a total value of about US$138 million.
This incident is not only a test of the short-term volatility of the Ethereum market, but also a vivid display of the strategic layout and risk management of major institutional investors. In the future, as the market environment continues to change, how the performance of Ethereum and its ETF will evolve is worthy of our continued attention and reflection.
