Although the data for $BTC on Friday was still good.

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Phyrex
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5 hours ago

Although the data for $BTC on Friday was still good, the data for $ETH was not very good, especially since there has been no net outflow for 29 consecutive days. Moreover, during most of this time, there was a net inflow from major player BlackRock, which saw an outflow of over 8,000 ETH. This led to an overall poor situation on Friday, with even the Huaxia ETF in Hong Kong experiencing an outflow of over 900 ETH.

Overall, at least for now, ETH does not show the ability to break out independently. It did see a decent increase recently, but as we have been emphasizing, without sufficient liquidity, prices struggle to maintain a breakthrough rise. Additionally, without liquidity, it is also difficult to drive the altcoin season that many investors are looking forward to. This applies to ETH as well as the Russell 2000.

Furthermore, this week, the actual increase in the number of ETH spot ETFs in the U.S. was more than 12 times lower compared to last week, indicating a significant drop in purchasing power.

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