Still complaining that Ethereum’s price action is too weak? Look at the most real moves by big capital. Spot ETFs directly scooped up over $104 million in a single day, and have already maintained net inflows for 4 consecutive days.
Over-the-counter funds are putting real money on the line to buy, while within the exchange, spot holdings are accelerating out of circulation. Ethereum is being withdrawn from exchanges in large amounts, and the concentration of holdings is continuing to surge.
On one side, institutional channels are steadily picking up coins; on the other, the chips that the order book can be used to sell are becoming scarcer. Funds flow in, while spot flows out—this extreme tug-of-war between supply and demand is the hard logic that determines the price. As long as coins are continuing to accelerate out of exchanges, don’t easily give away the coins you’re holding.
#ETH
Over-the-counter funds are putting real money on the line to buy, while within the exchange, spot holdings are accelerating out of circulation. Ethereum is being withdrawn from exchanges in large amounts, and the concentration of holdings is continuing to surge.
On one side, institutional channels are steadily picking up coins; on the other, the chips that the order book can be used to sell are becoming scarcer. Funds flow in, while spot flows out—this extreme tug-of-war between supply and demand is the hard logic that determines the price. As long as coins are continuing to accelerate out of exchanges, don’t easily give away the coins you’re holding.
#ETH