Let the data speak: After all, the second brother is not as strong as the eldest brother. Ethereum weakened after the ETF heat!
Today, I waited until now for the statistical data to compare the 24-hour changes in yesterday's data. Yesterday's data statistics were completed before 4 am. Today is the finale of this week's data, and the market is basically the same as yesterday.
Simply look at today's data, after experiencing ETF, Ethereum has become weaker in other aspects except that the trading volume is the same as the eldest brother, and the second brother is still the second brother.
According to the market value share, Bitcoin has absorbed Ethereum today, and the share of cottage and stablecoins, the eldest brother has returned strongly, and Ethereum's daily share has decreased by 0.4%. At the same time, compared with yesterday's market value, it has decreased by 49.64. Although the decrease is not much, it can still be seen that after experiencing the ETF sentiment, Ethereum is no longer stronger than Bitcoin.
In terms of trading volume, the second brother Ethereum has a strong long-short game after the ETF passed last night, and has generated good trading volume, but it is a pity that it did not hold the price under the explosion of trading volume. In contrast, with the arrival of the weekend, the cottage rebounded slightly, and the trading volume decreased, proving that the selling pressure of the cottage has decreased. If the cottage rebounds one after another tomorrow, accompanied by an increase in trading volume, the cottage still has a chance on the weekend. If the trading volume continues to decrease, then the cottage will probably lie flat on the weekend.
In terms of funds, the market value of stablecoins has not changed. At present, the market value is 161.1 billion. The USDT funds in Asia and Europe have increased by 146 million, and the USDC funds in the US have decreased by 143 million. Compared with the stablecoin market value, there is no change. Combined with the increase in market value, it is basically confirmed that the stablecoins of both parties have directly entered the trading market. However, the funds in the US are poor. I checked the official website of USDC. Recently, 2.6 billion US dollars of USDC were issued, but 3.2 billion were destroyed, which means that there was a net outflow of 700 million US dollars of USDC in the past 7 days.
It seems that Ethereum's ETF has not brought more confidence in the inflow of funds in the US.
With the approval of Ethereum's ETF, the main anchor point of market funds has returned to Bitcoin itself, and the entire crypto market has returned to the market trend guided by macro sentiment.
