Reports say that BTC, ETH, and XRP ETFs saw inflows in August, but ETH only rose 0.6%. The derivatives long positions have already moved ahead of spot
At 23:57 on August 16 (UTC), StreetInsider and Altcoin Buzz published articles mentioning three types of ETFs that recorded inflows during August
As of 10:42, $ETH is quoted at 1,896.5 USDT, up 0.6% over the past 24 hours
The 5-minute trading volume accelerated 2.7x, yet the global long/short ratio reached 2.52, indicating that capital is first betting that the inflows will continue
But over the past 4 hours, open interest increased by only 0.7%, with price and leverage not expanding in sync—this is the strongest counterevidence right now
If ETF inflows continue, marginal spot demand is expected to rise—first transmitting to ETH, and then lifting risk appetite for BTC and XRP
I think this looks more like short-term sentiment trading; it’s not really a repricing yet, because the spot price gains haven’t caught up to crowded longs
If, next, daily capital turns to net outflows or positions fall and volume fades, this bullish expectation should be overturned
$ETH $XRP $BTC #比特币ETF #long-short data
At 23:57 on August 16 (UTC), StreetInsider and Altcoin Buzz published articles mentioning three types of ETFs that recorded inflows during August
As of 10:42, $ETH is quoted at 1,896.5 USDT, up 0.6% over the past 24 hours
The 5-minute trading volume accelerated 2.7x, yet the global long/short ratio reached 2.52, indicating that capital is first betting that the inflows will continue
But over the past 4 hours, open interest increased by only 0.7%, with price and leverage not expanding in sync—this is the strongest counterevidence right now
If ETF inflows continue, marginal spot demand is expected to rise—first transmitting to ETH, and then lifting risk appetite for BTC and XRP
I think this looks more like short-term sentiment trading; it’s not really a repricing yet, because the spot price gains haven’t caught up to crowded longs
If, next, daily capital turns to net outflows or positions fall and volume fades, this bullish expectation should be overturned
$ETH $XRP $BTC #比特币ETF #long-short data
