May 8, 2024 Grandpa checks in
The market has fallen slightly, and Ethereum has fallen below 3,000 again, which is within expectations. In the recent market, in addition to doing some swing trading, some option sellers have become optional operations again. The volatile market will continue for a while. Different operations should be performed at different market stages to disperse funds and ensure that cash flow is more suitable for long-term development.
Yesterday, Grayscale's GBTC had a net outflow of 28.6 million US dollars, which is still acceptable. Judging from the fund dynamics of ETFs, it has fallen into a relatively stagnant state. As you know, the rise in prices must be due to the inflow of funds, and when the market volatility decreases, the market must move first to cause capital flow in turn.
As for whether it is suitable to build a position now, it may be a question that everyone is more concerned about recently. After falling back from the high point, it is definitely not cost-effective to build a large-scale one-time position. However, for the next six months to one year, it may be a good time to increase or build a position in the next bull market, but in terms of operation, a slow position building strategy should be adopted.
Thank you for your attention and likes.