Compared with BTC, the data of ETH spot ETF is also a mess, and it is still the two major institutions of BlackRock and Fidelity that are shipped. User sentiment can be said to be a mess, especially ETH, where there are almost no people who make money. Spot ETFs started at the end of July, but the current price has fallen below all the gains in 2024. At least $BTC still has people who can make money, but $ETH is considered a loss.
Therefore, it is normal for ETH investors to be unable to resist leaving. In the 32nd week of data, American investors reduced their holdings by more than 60,000 ETH, but this data is only less than half of that of week of 31. If we look at this level, the most panicked period of ETH has passed.
There may be about one to two weeks of panic next. If the dot chart can achieve more than three interest rate cuts, and Powell believes that the US economy is still strong, it is possible to calm down market sentiment before April GDP.
Data has been updated, address: https://t.co/Lc40rk5gM0
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