Bitmine now holds 6,060,506 $ETH while ETH funds bleed.
Two opposite flows right now:
• Bitmine reported 6,060,506 ETH in its treasury
• Ethereum ETFs shed $320.1M last week, BlackRock's ETHA behind 93% of it
• FXStreet notes US-led selling is keeping ETH below its $2,309 realized price
My take: corporate treasuries are accumulating while US ETF holders are trimming. Whoever is right decides the next move, and the realized price is the level to watch.
Do you side with the treasury buyers or the ETF sellers? Does ETH reclaim $2,309 this week, yes or no?
Not financial advice.
#Ethereum #ETH #ETFs
Two opposite flows right now:
• Bitmine reported 6,060,506 ETH in its treasury
• Ethereum ETFs shed $320.1M last week, BlackRock's ETHA behind 93% of it
• FXStreet notes US-led selling is keeping ETH below its $2,309 realized price
My take: corporate treasuries are accumulating while US ETF holders are trimming. Whoever is right decides the next move, and the realized price is the level to watch.
Do you side with the treasury buyers or the ETF sellers? Does ETH reclaim $2,309 this week, yes or no?
Not financial advice.
#Ethereum #ETH #ETFs