On May 16, ETF data was still strong. All of them started buying, including Grayscale. This shows that investors are no longer worried about the impact of the macro economy and continue to invest in risky products. I won’t explain the reasons. From this point, it can be seen that it should be better for bulls in the near future. The overall net inflow is 257 million US dollars, 3,942 coins.

Today, I won’t talk about anything else. I want to focus on a question with you. Today, a friend asked me how to buy spot ETH and hold it until the end of the year.

First of all, I added a prerequisite here. He asked this question. My understanding is that he should not have laid out ETH spot now, and his holding period is obviously a friend of the gold standard. He believes that it will still be a bull market by the end of the year in order to make money and sell the profits.

So my reply is that is the layout of ETH now to make up for the rise or think that there are other growth expectations in the future? Then the only certainty of the expectation of making up for the rise is whether the Ethereum spot ETF applied by the US institution can be passed and whether it will be passed by the end of the year (time).

Let's assume that the ETF will eventually pass, but when it will pass and what will happen after it passes are things that need to be considered. If it doesn't pass this year, then this expectation will be directly lost. A 55-50 bet is obviously not as certain as buying Bitcoin directly. Also, if it passes, how much incremental funds will flow in? According to the data, the total holdings of HK's Ethereum spot ETF are only 40 million US dollars, less than one-sixth of Bitcoin. So, will investors who want to buy ETFs to deploy cryptocurrencies keep waiting because your ETF has not passed my funds? Why not buy the Bitcoin ETF that can be invested now? This puts a question mark on the growth expectations of the Ethereum ETF.

In summary, if the only certain expectation has so many question marks, I think the certainty and logic of buying big cake must be much stronger than that of the second cake.

But for longer-term investors or currency-based investors, if you think it is still relatively low now, buy at a relatively low level, continue to earn coins by staking and staking, or earn coins by other means to a larger value realization stage and then cash out, maybe this is the best way to buy ETH.

I am not bearish on Ethereum, please don't criticize me, I just give this friend the most reasonable auxiliary judgment from a logical point of view. Welcome to discuss whether there are other deterministic logical expectations that outperform Bitcoin (by the end of the year).

Market Interpretation

Bitcoin fell back to 64,600 this morning to get support, and then there was a reversal trend. It can be regarded as a complete break of the downward channel and returned to the market controlled by bulls. The probability of drawing a door now seems to be small. The probability of continuing to rise as a rising relay is still high, and the position of 68,000+ is still seen.

The exchange rate of Bitcoin rebounded sharply today. I am afraid that it will be a doomsday chariot again! ! If the door goes back tomorrow, ETH will take the blame!

Today I mainly want to talk about LINK. I don’t know if you still remember that LINK had a wave of pull-ups in October last year. At that time, there was basically no movement in the mainstream. Only LINK took the lead and became the vanguard of the bull market. This time it came again. Is it still the vanguard? ? I think it is a bit similar.

Today's Panic Greed Index: 70 (Greed)

I am May. If you want to seize this bull market with me, click on my avatar to find me. I will buy the bottom of the cottage industry, high-quality currencies, market trends, latest news, etc. every day. #LINA/USDT #ETHETF $LINK