$ETH bounced about 6% this week, but Wall Street hasn't shown up.
Glassnode: no ETF inflow day since September 29.
Meanwhile $243.5M of ETH positions were liquidated in the squeeze (Coinglass via press reports), with 55% of it shorts.
A rally with no ETF bid is mostly leverage unwinding. That can fade fast if spot demand doesn't follow. Watch whether the first inflow day finally prints.
Does ETH hold $2,400 through Friday's jobs report, yes or no?
Not financial advice.
#Ethereum #ETFflows #CryptoMarket
Glassnode: no ETF inflow day since September 29.
Meanwhile $243.5M of ETH positions were liquidated in the squeeze (Coinglass via press reports), with 55% of it shorts.
A rally with no ETF bid is mostly leverage unwinding. That can fade fast if spot demand doesn't follow. Watch whether the first inflow day finally prints.
Does ETH hold $2,400 through Friday's jobs report, yes or no?
Not financial advice.
#Ethereum #ETFflows #CryptoMarket