@green911
‼️ Ethereum ETF buyers from BlackRock and Fidelity are currently facing an average unrealized loss of around 21%.
If Ethereum rises and reaches the average purchase price of these buyers, they might sell at the breakeven point since they’ve exited their loss positions, potentially creating selling pressure. However, if Ethereum manages to rise above this average, it could lead to increased capital inflows into these funds.
@farcaster $DEGEN @degenfans @gigbot.eth $GIG
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