Yesterday, the data for $BTC was not good, and even worse for $ETH. Although the price was decent yesterday, only BlackRock made some purchases, while Fidelity investors rarely sold during the rise. However, it must be said that these investors have good predictive abilities, as today there has been a significant pullback.

The weekly report also emphasized that there are more open contracts for ETH, suggesting that the leveraged positions are larger, which makes the price fluctuations more pronounced. Currently, the purchasing power for ETH is still weak, showing a significant gap compared to BTC. However, no systemic risks have been observed yet.

This article is sponsored by #Bitget ｜ @Bitget_zh

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