Be sure to read it, this will be the most detailed market analysis of ETH in the near future

According to the latest report, Ethereum's open interest has decreased by more than 40% since August, or about $6 billion. Open interest is an indicator that measures the total number of ETH derivatives positions currently open on all centralized exchanges. When this indicator increases, it shows that investors are opening new positions in the futures and options markets;

Since the beginning of August, Ethereum's open interest has been on a downward trend, reaching a low on Monday. As of now, the open interest is about $7.67 billion. Despite the recent recovery, this low level is not optimistic about Ethereum's price outlook. Historically, a reduction in positions in the derivatives market may lead to a decline in liquidity, which in turn triggers increased price volatility.

Juliet believes that the data of ETH spot ETF last Friday is still good. I know that many friends think that last Friday is another net outflow day after looking at the fund data, but in fact, judging from the data published by all official websites, last Friday was not only a net inflow, but also a good inflow.

In particular, BlackRock had a net inflow of 7,576 ETH, which is almost the same as the selling of ETHE. In addition, Min also had an inflow of 1,951 ETHE, and Rich D had a net inflow of 1,505 ETH, so on Friday, there was a net inflow of 3,194 ETH, becoming the fifth net inflow day in history.

Net purchasing power other than ETHE also rose to 9,081 ETH, an increase of 96.49% compared with the previous working day. We have also talked about the two key data before, one is the reduction of ETHE and the other is the increase of BlackRock, which are both manifestations of investor sentiment

Juliet believes that we cannot abandon it because of the poor performance of the short-term ETF market, nor can we buy a large amount because of the rise of SOL. We should make independent judgments based on market analysis and market conditions, and keep the coins within our cognition. This is the eternal truth of the crypto market.

The currency circle has returned to stability recently. If you are still fighting alone, are you worried that market fluctuations will affect your investment decisions? Don't know how to avoid risks? Don't be a rootless duckweed, sell when it's high and buy when it's low, share for free,

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