Compared to $BTC, the outflow of funds from $ETH is still quite significant.

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Phyrex
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5 hours ago

Compared to $BTC, the outflow of funds from $ETH is quite significant. During the BTC phase, at least BlackRock's investors were buying in, but with ETH, even BlackRock's investors are selling. The sentiment around the ETF is indeed not great, but fortunately, the leverage on ETH has been reduced by a third, so the current volatility is not as exaggerated as before.

Currently, more investors are still more optimistic about BTC, while ETH may find it difficult to turn around in the short term. Unless there is a larger positive stimulus, it would be good enough for ETH to fluctuate normally along with BTC.

This article is sponsored by #Bitget | @Bitget_zh

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