The market is still grinding back and forth, but buyers in off-exchange channels haven’t let up for a single day.
On October 6, net inflows totaled $37.4 million in a single day, bringing the seven-day cumulative total to $325.4 million. Many people are still complaining that ETH is looking weak, yet turning a blind eye to the hard data showing spot ETFs continuing to accumulate.
If big-money investors were truly bearish, they wouldn’t put up more than $300 million in real cash to buy up tokens in a single week. Impatient short-term holders are exiting, while institutions are building core positions. As long as this buying support continues, the current divergence and consolidation won’t change the inevitable buildup toward an upward move.
#ETH
👇
On October 6, net inflows totaled $37.4 million in a single day, bringing the seven-day cumulative total to $325.4 million. Many people are still complaining that ETH is looking weak, yet turning a blind eye to the hard data showing spot ETFs continuing to accumulate.
If big-money investors were truly bearish, they wouldn’t put up more than $300 million in real cash to buy up tokens in a single week. Impatient short-term holders are exiting, while institutions are building core positions. As long as this buying support continues, the current divergence and consolidation won’t change the inevitable buildup toward an upward move.
#ETH
👇
