[The ETF market performed poorly on Monday, and data on Tuesday may decline further]
The market turned down and may explode at any time. Waiting for a big news, Friday's employment data.
Everyone should know that every time ETFs flow in, BTC rises.
Monday
The purchasing power of the ETF market weakened. The data to be released on Tuesday may show a worse situation, not only ETH, but also BTC. The purchasing power that rebounded last week has faded, and there are signs of bearishness.
On Monday, BlackRock's large-scale buying stopped; Fidelity reduced its holdings of 9,975 ETH, which was the first large-scale sell-off other than ETHE since the ETH spot ETF was passed, and the reason may be related to the position change.
Tuesday
Grayscale ETHE continued to sell, reducing 4,670 ETH, similar to Monday; Bitwise sold 359 ETH. Apart from these three, there were no other institutional sell-offs and no institutional net inflows. The buying market turned rapidly last week.
Continue to pay attention to market dynamics.
