Are you still bullish? Do you still believe in the bull market?

The purchasing power of ETFs on Monday was already bad, and it will be even worse after the data on Tuesday comes out. It is not only ETH, but also BTC. Of course, the so-called bad refers to the fact that the purchasing power that just started to improve last week has now subsided, and there are some signs of bearishness.

On Monday, BlackRock's large-scale purchases have become zero, and Fidelity has reduced its holdings by 9,975 #ETH. This is the first time since the ETH spot ETF was passed that there has been such a large-scale sell-off except for ETHE. The reason for the sell-off cannot be ruled out because of or position change.

In addition to Fidelity, Grayscale's ETHE continued to sell 4,670 ETH, which is similar to Monday. Bitwise also sold 359 ETH. In addition to these three, there are indeed no other institutions selling, but there is no net inflow. Last week, it was still a thriving buying market, but it changed its face after Monday. $BTC