Overall, the data for $ETH is still quite good, not only in terms of net inflow but also in terms of the amount of funds flowing in, which is about five times that of $BTC. Therefore, the price of ETH is really stable. I have lost count of how many times I have said this: as long as the investment structure of ETH does not change, it is best to avoid shorting ETH, mainly because the current amount of funds is a bit exaggerated.

BlackRock and Fidelity are still actively buying. BlackRock's investors have already purchased over 3.7 million ETH, and if nothing unexpected happens, the total will likely exceed 4 million ETH within two weeks. This is just the primary market for ETFs, while the trading volume in the secondary market is even more astonishing.

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