Why don't you short ETH even if it falls?

As shown in the figure, the right side is the upward trend chart after the BTC ETF is passed, and the left side is the K-line chart of the current Ethereum ETF after three days of trading. In fact, it is not difficult to see that the currency price is on a callback path, which is also the process of turning bad news into bad news. Even as we predicted, it is Grayscale that is doing turnover and selling.

However, even if we know that ETH is weak in the short term, and we know that ETH may be completely weaker than SOL, BTC or even BNB in ​​terms of exchange rate in the short term, there are still several reasons why it is completely unnecessary to short.

First of all, from the perspective of ETH's ETF trading volume in the past three days, it has reached expectations. Grayscale's daily selling volume is between 300 million and 500 million US dollars, while the total buying volume of the other eight ETFs is between 200 million and 300 million US dollars. Once the market improves, the net outflow of 100 million per day will become positive. So there is no need to worry about how fierce the so-called Grayscale selling is.

In addition, BTC's ETF also started a stable large-scale inflow about half a month after it was passed, and the current outflow also comes only from Grayscale. Therefore, the clear route at present is to repeat the scene after the BTC ETF was passed. You will find that the current ETFs are also making large-scale transfers to other funds with lower costs, and maintaining such an operating strategy of long-term holding, so it can be said that the market outlook is still quite optimistic, and few people really want to sell.

Therefore, from the perspective of operating strategy, shorting ETH at the current price is likely to be trapped by the potential rise in the future, especially in August and September before the interest rate cut. If you look at it from the bottom, Ethereum has not even doubled yet. Such Ethereum is unfamiliar and it is also worth paying attention to its future market. $BTC $ETH $SOL #美国以太坊现货ETF开始交易