Tonight, let’s talk about $ETH . It’s doing much worse than $BTC today 😅
ETH briefly fell below $2,100
Hitting a low near $2,060
It’s down nearly 7% over the past week
While BTC is down just over 4% over the same period
What hurts even more is the ETF situation
ETH spot ETFs have seen net outflows for six consecutive weeks
Another $365 million flowed out last week
BlackRock’s ETHA alone accounted for $346 million
The liquidation data is interesting, too
Around $455 million in ETH liquidations over the past 24 hours
Compared with just $278 million for BTC
The largest single liquidation was an ETH position worth $48 million
What’s going on with ETH?
Put simply, institutions are pulling out while retail investors are holding on
BTC ETFs are also seeing outflows
$1.28 billion last week, the biggest since early July
But BTC still has the digital gold narrative to support it
ETH is stuck awkwardly in the middle
Being neither here nor there is the worst
It misses out when prices rise and leads the way down when they fall
If it can’t hold $2,100
The psychological $2,000 level is next
Tomorrow’s CPI report is the next judgment day
If the data is good, high-beta assets like ETH could rebound the hardest
If it’s bad, ETH will probably be the one that falls the hardest again
Do you still have any ETH right now?
Are you holding on and waiting for a comeback, or have you already switched to BTC for safety?
#市场观察 #以太坊 #ETF
This is not investment advice. DYOR. Trading involves risk.
ETH briefly fell below $2,100
Hitting a low near $2,060
It’s down nearly 7% over the past week
While BTC is down just over 4% over the same period
What hurts even more is the ETF situation
ETH spot ETFs have seen net outflows for six consecutive weeks
Another $365 million flowed out last week
BlackRock’s ETHA alone accounted for $346 million
The liquidation data is interesting, too
Around $455 million in ETH liquidations over the past 24 hours
Compared with just $278 million for BTC
The largest single liquidation was an ETH position worth $48 million
What’s going on with ETH?
Put simply, institutions are pulling out while retail investors are holding on
BTC ETFs are also seeing outflows
$1.28 billion last week, the biggest since early July
But BTC still has the digital gold narrative to support it
ETH is stuck awkwardly in the middle
Being neither here nor there is the worst
It misses out when prices rise and leads the way down when they fall
If it can’t hold $2,100
The psychological $2,000 level is next
Tomorrow’s CPI report is the next judgment day
If the data is good, high-beta assets like ETH could rebound the hardest
If it’s bad, ETH will probably be the one that falls the hardest again
Do you still have any ETH right now?
Are you holding on and waiting for a comeback, or have you already switched to BTC for safety?
#市场观察 #以太坊 #ETF
This is not investment advice. DYOR. Trading involves risk.