đš $ETH ETH: 9 STRAIGHT DAYS OF OUTFLOWS
US spot Ethereum ETH have now seen net outflows for 9 consecutive trading days, with roughly $697M withdrawn since Sept 29. đ
đ Key numbers:
đ» $542.1M left last week, the worst weekly outflow since January
đ» $56.1M out on Oct 9 alone
đŠ BlackRockâs ETH led most of the withdrawals
đ§ My take: Outflows donât mean institutions have abandoned $ETH, and they donât guarantee another drop. But with $ETH around the $2,500 area, sustained outflows can keep sentiment under pressure. Iâm also watching $BTC for any spillover. âïž
Whatâs your view: bounce or more downside? đ ETH BTC #Ethereum #ETH #crypto #BinanceSquare
US spot Ethereum ETH have now seen net outflows for 9 consecutive trading days, with roughly $697M withdrawn since Sept 29. đ
đ Key numbers:
đ» $542.1M left last week, the worst weekly outflow since January
đ» $56.1M out on Oct 9 alone
đŠ BlackRockâs ETH led most of the withdrawals
đ§ My take: Outflows donât mean institutions have abandoned $ETH, and they donât guarantee another drop. But with $ETH around the $2,500 area, sustained outflows can keep sentiment under pressure. Iâm also watching $BTC for any spillover. âïž
Whatâs your view: bounce or more downside? đ ETH BTC #Ethereum #ETH #crypto #BinanceSquare