On Wednesday, the data for $ETH is still similar to that of $BTC. The net inflow for Bitcoin has significantly shrunk, mainly due to the price decline. The situation for ETH is also the same; on one hand, the U.S. stock market is declining, and on the other hand, the situation between the U.S. and Iran is still not completely clear, remaining in a repeated process. Moreover, the Strait of Hormuz is still not smooth, making it difficult for cryptocurrencies to emerge with an independent trend amidst the stock market decline.

So from the data perspective, whether it's BTC or ETH, the buying power from institutional investors like BlackRock and Fidelity has started to show signs of withdrawal, and the trading volume in the secondary market is decreasing. Investors are starting to worry if the rebound has come to an end.

#Bitget is here for VIPs! Crypto, U.S. stocks, CFD, global opportunities all in one place.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。