
Phyrex|Aug 04, 2025 18:52
On Friday, the data for BTC was not good, and the data for ETH was also not good. Although the net outflow of funds was slightly less than that of Bitcoin, it was still a net outflow. Except for BlackRock and Bitwise, which were zero, all others were negative, but the selling was not strong. The gray scale and Fidelity, which sold the most, did not exceed 2000 coins, indicating that investors' mentality towards ETH is still very calm.
There was no chain reaction caused by the price drop, so the overall outflow of funds was lower than BTC, as we mentioned before, although investors have higher expectations for ETH compared to BTC.
However, in terms of net purchasing power, the net purchasing power of ETH spot ETFs in the 53rd week was only 80513, while in the 52nd week it was 464046. The difference is still significant, and investors' general buying sentiment is declining. The market is waiting for new positive news.
This article is sponsored by Bitget | @ Bitgetzh
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