@artifacts24

ETH data continues to be bad. Even though the number of investors in BTC spot ETFs has increased on a weekly basis, ETH investors still maintain a strong outflow, and the outflow is still dominated by BlackRock investors. In the past, BlackRock investors bought BTC and ETH almost synchronously, but now they buy BTC and sell ETH. Even Grayscale investors are reducing their holdings, but BlackRock investors are still keeping a distance from other institutions. In fact, other ETF institutions have almost not reduced their holdings in the past week, and the main selling came from BlackRock. In the past week, US investors reduced their holdings by 50,309 ETH. Although it is still a lot, it is still half of that in the 33rd week. Judging from the reduced data, even ETH investors may have passed the most panic period.

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