📊｜Ethereum spot ETF saw net outflow on the third day❗
🗒️On the third day of official trading, ETHE alone saw an outflow of $346 million, and the overall ETH spot ETF saw a net outflow of $133 million on the third day yesterday. This was a reversal of the $103 million inflow on the second day.
And the market followed suit, reacting with a decline📉, resulting in the demise of 50,000 longs last night, with nearly $200 million liquidated
This will be a very alarming signal, which means that the benefits of Ethereum spot ETF cannot withstand the selling pressure of Mt. Gox compensation, and the market will continue to decline📉 to digest, so be careful not to be lured into a trap by a short-term rise
