Although the intensity of the election can clearly be seen in the current struggles of investors, the reaction in the spot ETF has resulted in a significant amount of risk-averse sentiment among investors. In the previous trading day, both #BTC and #ETH showed a noticeable trend of reduction, with ETH experiencing a slightly lesser reduction. However, BTC, due to previous FOMO, has seen an even more aggressive reduction now.
Yesterday was another net outflow day for the ETH spot ETF, and the outflow amount was significant. On one hand, Grayscale's $ETHE continues to see large-scale selling, with a reduction of 4,869 ETH in the past 24 hours. On the other hand, Fidelity experienced its largest-ever sell-off, reaching 13,000 ETH. Although these are just two sell-offs, they represent an unusually high intensity of selling.
In terms of net inflows, although BlackRock's investors are still buying, the strength of the buying is still far behind the selling. In the previous trading day, there were only 4,544 ETH bought, leading to a net outflow of 13,325 ETH yesterday. Overall market sentiment is not very friendly.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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