$ETH bounced 139 points from 2406, and the bulls are already chanting that the bull market is back.
But last night, a figure quietly hit a record: Ethereum spot ETFs saw net outflows for 9 consecutive trading days. They shed a total of $542 million last week, their worst week since January this year. BlackRock’s ETHA alone saw $56.1 million in redemptions in a single day, accounting for almost all of that day’s outflows.
Institutions are voting with their feet, while retail investors are still piling in.
Back to the candlesticks: this rebound didn’t even reach the EMA60 before getting pushed back below 2600, and trading volume has been shrinking with each bar. There’s too much overhead supply above 2600; every bounce feels like it’s building momentum for the next drop.
#CPI与PPI公布在即 $BTC $ETH
But last night, a figure quietly hit a record: Ethereum spot ETFs saw net outflows for 9 consecutive trading days. They shed a total of $542 million last week, their worst week since January this year. BlackRock’s ETHA alone saw $56.1 million in redemptions in a single day, accounting for almost all of that day’s outflows.
Institutions are voting with their feet, while retail investors are still piling in.
Back to the candlesticks: this rebound didn’t even reach the EMA60 before getting pushed back below 2600, and trading volume has been shrinking with each bar. There’s too much overhead supply above 2600; every bounce feels like it’s building momentum for the next drop.
#CPI与PPI公布在即 $BTC $ETH