Ethereum spot ETF had a net outflow on the third day❗
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On the third day of official trading, ETHE alone had an outflow of $346 million, and the overall ETH spot ETF had 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 and fell
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Reaction, resulting in the demise of 50,000 longs last night, and nearly $200 million was liquidated
This will be a very surprising signal, which means that the benefits of Ethereum spot ETF cannot withstand the selling pressure of Mentougou compensation, and the market will fall in the future
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Continue to digest, be careful not to be lured into a trap by a short-term rise
