In the past week, the data for $ETH has not been good. Previously, it could compete with $BTC, but in the past week, it has been completely overwhelmed. I can't yet determine if capital is starting to retreat from ETH, but it is indeed greatly affected by the amount of funds. On Friday, BlackRock's investors directly exited over 72,000 ETH, and throughout the day, there was not a single ETH inflow from U.S. institutions, with four zeros in change and five in net outflow.
We have mentioned many times before that the rise of BTC is mainly due to low selling, while ETH is due to high buying. Therefore, when buying funds start to decrease significantly, it becomes very unfavorable for the price trend of ETH. In the data from the 58th week, U.S. investors had a net outflow of nearly 180,000 ETH, while in the 57th week, this figure was a net inflow of nearly 270,000. This is the difference.
Of course, it may not be entirely accurate to say that investors have withdrawn from ETH, as the main competition is still between Trump and the Federal Reserve. Let's observe a bit more for now.
This article is sponsored by #Bitget | @Bitget_zh
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