🔥 For those wondering why the market is going down??

🔥 Quite simply, the whales 🐳🐳 are selling and the fish 🐟🐟 are buying and the market is going down even more. Read on:

🐳 SoSoValue data indicates that Ethereum spot exchange-traded funds saw a net outflow of $55.41 million on December 30 ET. This marks the first net outflow after four consecutive days of net inflows. Specifically, the Grayscale Ethereum Trust ETF (ETHE) saw a single-day net outflow of $17.36 million, with a historical cumulative net outflow of $3.634 billion. Meanwhile, the Grayscale Ethereum Mini Trust ETF (ETH) recorded a single-day net outflow of $13.75 million, though its historical cumulative net inflow remains at $591 million.

🐳 According to Odaily, Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that BlackRock’s IBIT index saw negative weekly flow for the first time in three months. This indicates a temporary pause in the continuous buying of spot ETFs for the #البيتكوين coin.