Although the data for $BTC on Tuesday was good, with over $500 million in net inflow, the data for $ETH was completely the opposite, with over $200 million in net outflow. Especially, BlackRock's investors, who had increased their holdings in Bitcoin, continued to maintain the largest sell-off of any ETF in the U.S. for ETH. It feels like ETH is in a bit of trouble.

Fidelity and Bitwise have also exited to varying degrees, and investors' sentiment towards ETH is now completely unpredictable, merely holding positions passively. This situation is quite dangerous.

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