Did Arthur Hayes sell all his altcoins? ETH has been hit hardest by ETF outflows $BTC $ETH
Arthur Hayes came right out and said, "I dumped it all." Amid geopolitical concerns, he sold off $22 million worth of altcoins, including $15 million in ETH alone.
The data is even more sobering: Since October, spot ETH ETFs have seen $1.1 billion in outflows—nearly three times the outflows from BTC ETFs, making ETH the most heavily sold crypto asset of all.
With a big-name investor cashing out and ETF money pulling back, things are looking tough for ETH right now. On the flip side, the more thoroughly positions are flushed out, the greater the potential rebound tends to be.
Do you think ETH has been unfairly punished this time?
#ETH #MarketAnalysis
Arthur Hayes came right out and said, "I dumped it all." Amid geopolitical concerns, he sold off $22 million worth of altcoins, including $15 million in ETH alone.
The data is even more sobering: Since October, spot ETH ETFs have seen $1.1 billion in outflows—nearly three times the outflows from BTC ETFs, making ETH the most heavily sold crypto asset of all.
With a big-name investor cashing out and ETF money pulling back, things are looking tough for ETH right now. On the flip side, the more thoroughly positions are flushed out, the greater the potential rebound tends to be.
Do you think ETH has been unfairly punished this time?
#ETH #MarketAnalysis