How will the inflow of funds from ETH ETF drive the rise of altcoins, and the price performance of coins after the ETF is passed.

After the inflow of funds from ETH ETF and BTC ETF, the impact on altcoins is very different because of the different portraits of coin holders. Before the BTC ETF was passed, most of the holders of Bitcoin were large holders, institutions, or retail investors who entered the circle very early and kept hoarding Bitcoin.

These people have one thing in common, they have absolute faith in Bitcoin, but only a little experience in altcoins. After the BTC ETF was passed, the rise of BTC came from two parts, one was the market maker's pull, and the other was the net inflow of funds from the ETF.

However, due to the portrait of coin holders, this part of funds rarely overflowed to altcoins, and the effect was difficult to form.

In the early stage of the ETH ETF's passage, the price performance of the coin was likely to be worse than that of Bitcoin. Ethereum's market makers have disappeared for a long time, and the Ethereum Foundation has been selling coins. From the Cancun upgrade to the eve of the ETF's passage, ETH's market makers have not pulled the market.

So don't expect the Ethereum Foundation to do anything after the ETF is passed, they are the biggest crypto bitch. We can only consider the net inflow of funds from the ETF.

Portrait of ETH holders, retail investors account for a large part. When ETF funds gradually push up the price of the currency, the purchasing power of retail investors gradually increases. This is very important, and this is also the biggest difference compared to the big cake ETF.

This is a bit like the relationship between M1 and M2 in the macro. The purchasing power of retail investors increases, and retail investors will use this part of their purchasing power to chase cottages and MEME. One dollar can produce the effect of five or eight dollars!

Now we just need to wait for the ETF to pass, wait for the gradual inflow of funds, and wait for the gradual development of various narratives in the second half of the year. The cottage season will definitely come. #币安7周年 #美国6月CPI大幅降温 #山寨季何时到来？ #WazirX黑客事件 #美国大选如何影响加密产业？