What are the funds signaling?
Addresses linked to Abraxas Capital continue to reduce their ETH leverage, with long exposure at around $350 million.
Whether real money is entering the market can be seen from large trades and net exchange inflows. The signals are somewhat negative, and confidence is easily shaken right now. First, let’s see whether selling pressure continues.
$ETH Currently 2491.38 (24h -2.72%).
#Ethereum spot ETFs see $161 million in net outflows in a single day #ETH
This is just an opinion; you’re responsible for your own gains and losses.
Addresses linked to Abraxas Capital continue to reduce their ETH leverage, with long exposure at around $350 million.
Whether real money is entering the market can be seen from large trades and net exchange inflows. The signals are somewhat negative, and confidence is easily shaken right now. First, let’s see whether selling pressure continues.
$ETH Currently 2491.38 (24h -2.72%).
#Ethereum spot ETFs see $161 million in net outflows in a single day #ETH
This is just an opinion; you’re responsible for your own gains and losses.