šETH plummeted on Monday, but a lot of "smart money" poured into the Ethereum spot ETF market! š°
š On Monday, the price of Ethereum fell to around $2,100, but the spot ETF ushered in a huge inflow of $49 million! Does this mean that in the turmoil of the market, smart investors see opportunities?
š§ It is said that most of these funds come from "smart money", such as those large institutions and investment banks. Their actions of buying up stocks at low prices are generally considered to be market crashes caused by human manipulation, with the purpose of buying more Ethereum at low prices. At the same time, if you hurriedly sold on Monday because of market panic, you may have just fallen into the trap of those savvy investors!
š¼ But the investment market is always like this. Capital is always trying to find opportunities to transfer from slow-reacting people to capital manipulators. Therefore, it is crucial for us to understand the operation mode and operation logic of these smart funds to grasp the market trend!
š Meanwhile, Ethereum's trading volume surged on Monday, reaching its highest level since May 2021. The sharp drop in Ethereum prices but the surge in trading volume to a new high often means that the current round of market correction may have bottomed out.
š¤Therefore, some people believe that when the market is most panicked, it may be the best time to hoard assets. When the market FOMO sentiment is high and generally follows the trend aggressively, it may be time for you to consider taking profits at high levels.
š However, as of Monday to date, ETH prices have seen a small rebound of less than 5%, but the market panic and greed index still shows a panic state of 29! $ETH
š¬ What do you think? Do you think this round of correction is over? Will you choose to increase your position or continue to wait and see? Tell me what you think in the comments!
