Yesterday's $ETH data still shows that the funding amount is about 5 times that of $BTC.

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Phyrex
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13 hours ago

Yesterday's $ETH data still shows that the funding amount is about 5 times that of $BTC. Although many friends believe that the rise of ETH is not very strong, this is because there is still a lot of selling pressure on ETH. Without these purchases, the price of ETH would be worse. Overall, there is still a considerable amount of off-market funds buying ETH's spot ETF.

The main buying institutions are still BlackRock, but as some friends have thought, both ETH and BTC are indeed showing signs of fatigue, mainly due to market uncertainty. However, the U.S. stock market is still performing well; today the S&P 500 set a new historical high during trading, which can only indicate that the overall sentiment of investors is not bad. Next, we will see tomorrow's core PCE data.

This article is sponsored by #Bitget | @Bitget_zh

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