$BTC On a side note, another market is slowly gaining traction, which is NFT 2.0. Everyone should take a look; it's a new way of asset issuance. Currently, the leading token, upeg, has broken through 1500. When I mentioned it before, it was just over 100. I estimate that as it develops, we could see prices ranging from 10,000 to 30,000 each. There’s a total supply of 10,000 tokens, and it also benefits UNI, as it showcases a feature of Uniswap V4. $UNI
$BTC Figure 1: Last night, the Bitcoin ETF saw net purchases of over 1,000, with the main force still being BlackRock. Figure 2: Last night, the Ethereum ETF recorded net sales of over 20,000, with a small amount of outflow. Figure 3: U.S. institutions continued to withdraw. Figure 4: The order book still shows no significant changes
$BTC $ETH Figure 1: Last night, Bitcoin ETF net bought more than 300 shares, which was relatively little. Figure 2: Last night, Ethereum ETF net bought more than 6,000 shares. Figure 3: U.S. institutions are still selling off in small amounts. Figure 4: The order book data hasn’t changed much.
$BTC $ETH Figure 1: Last night, the Bitcoin ETF saw net purchases of about 2,000 units. BlackRock is the main buying force. Figure 2: Last night, the Ethereum ETF saw net selling of more than 10,000 units. The volume isn’t very large. Figure 3: U.S. institutions are still distributing. Figure 4: The order book shows that the buy orders at the lower level are getting thicker. This week’s big bearish news has piled up, but the price still hasn’t dropped. It seems many are waiting to pick up low-priced chips. Since the bearish factors haven’t pushed the market down, the most likely outcome is continued consolidation because the buy-side data hasn’t moved upward.
$BTC Figure 1, last night Bitcoin ETF outflows were about 300 million. Figure 2: last night Ethereum ETF outflows were 224 million. The outflow amounts are quite large across the board. Figure 3: it looks like US institutions are accelerating their outflows. Figure 4: on the order book, it shows there are buy orders below, but they are very weak; there are very few sell orders above. However, both sides—buyers and sellers—are weak. In the past couple of days, one is that the bill didn’t pass, and the other is the Federal Reserve raising rates—under this double negative, the market still hasn’t dropped. Many people think it won’t go down. Based on my past experience, don’t look only at what’s happening right now—at the very least, wait for a week. Only if it hasn’t dropped can you say the negative news has been priced in. Let the bullets fly.
$BTC Figure 1: Last night, the Bitcoin ETF net bought more than 9,000, almost 10,000—big moves. No wonder it surged so fast. Figure 2: Last night, the Ethereum ETF net bought 59,000—fortunately, that’s a decent amount. Figure 3: U.S. institutions’ inflows and outflows were relatively balanced. Figure 4: The order book shows buy and sell orders were relatively balanced. As I said the day before yesterday, it will most likely still be range-bound