The data for last Friday's ETH spot ETF was not good. We have previously mentioned that the FOMO sentiment among US investors has started to decline. From the current data, although the price of BTC can still maintain around $90,000, the FOMO sentiment has indeed decreased significantly. Investors' purchasing power regarding the election may have reached the first threshold, and it is likely to maintain a trend of consolidation unless new positive or negative information stimulates the market.
From last Friday's data, the selling of $ETHE is understandable, but Fidelity has sold an additional 6,000 #ETH and BlackRock has not continued purchasing. This likely indicates that investors are starting to view the market more rationally. Moreover, although there is a selling volume for ETH, the selling volume for #BTC is even larger, reflecting the reality of a phased cooling in the market and some investors taking profits.
In the past 24 hours, a total of 13,537 ETH has flowed out of the US spot ETF, marking the first net outflow since the market rally began on November 6. Therefore, moving forward, it may be necessary to approach the market with caution, paying attention to investors' FOMO emotions and observing how positive and negative information in the market affects investor sentiment.
Weekly data will be sent separately later.
Data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
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