Ultimately, the funding amount of $ETH did not surpass $BTC on the seventh day. On Monday, investor sentiment experienced a significant pullback. Even BlackRock's investors only increased their holdings by less than 35,000 ETH, and Grayscale and Fidelity have also entered a selling mode, making other data negligible.
Yesterday, we mentioned that the price drop is likely due to investors' risk-averse sentiment regarding a large amount of macro data this week. Currently, this possibility still seems quite high, and the phase-wise decline in purchasing power could very well be a reason for this. The interest rate meeting on Thursday is the focal point of recent speculation.
Data address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing
This article is sponsored by #Bitget | @Bitget_zh
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