Although the data for $BTC on Thursday was passable, the data for $ETH was not looking good. Investors from BlackRock and Fidelity are still the main force behind selling, especially BlackRock's investors who sold a total of 0.75%. Although the price of ETH remains quite firm, traditional investors seem to be less convinced. Of course, similar to Bitcoin, most investors are still in a wait-and-see state.

In the recently concluded Week 88, traditional investors in the United States sold 25,794 ETH, which is much better compared to the more than 170,000 sold in Week 87. Even though traditional investors are not very optimistic, the selling has significantly shrunk.

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