Brother Ming also said yesterday that he cleared a lot of positions, leaving only a part, and sold a part of what should be sold. In the current market, it is better to be empty-handed than to chase the rise with Fomo, no matter what the market says about the probability of ETH spot ETF passing.

First, it has not passed yet. Now it is because of the two consecutive months of sluggishness, and the market needs to have a hype to kill the shorts; Ethereum just rose by 20%, because the short leverage of more than 5 times has exploded.

Second, if it passes on the 23rd, then it has risen a bit too much now, and there is a risk of good news turning into bad news. After all, the Federal Reserve, the largest faucet in the global market, has not opened the gate to release water, and the landlord has no surplus food. The last time the Bitcoin spot ETF passed, it has consumed most of the surplus food of traditional old money. This time ETH may not have too much food to feed.

If it does not pass, then the market may fall back from where it rose.

Of course, in the long run, the approval of Ethereum spot ETF is definitely a big positive. After all, compared with BTC's dominance, ETH's ecology is famously rich. Once it is approved, it may be "one person's success brings prosperity to all", but this also requires the cooperation of the overall environment. This overall environment is mainly the global major central banks represented by the Federal Reserve cutting interest rates and releasing liquidity. At present, the crypto market is ultimately a product of sufficient liquidity.

After analyzing and analyzing, the exchange rates of various countries in the world economy are essentially unimportant. In fact, we have shut down and no new leeks have come in. It has been a bit like the development of PC to mobile terminals for a certain period of time, and the meaning of internal pvp has begun. There is another phenomenon that I don't know if you have discovered. In the past, every time the big cake was halved, various new leeks entered the market. Now it is still those Junyang and those old oil sticks. Friends around me have not yet shouted that they want to join the circle.

Personal opinion, for reference only, don't spray if you don't like it! #以太坊ETF批准预期 #BTC #ETH