
Phyrex|Oct 08, 2025 21:47
Pretty good. Although the overall prices were dropping yesterday, not only did $BTC show decent buying power, but $ETH's buying power was also quite strong. Honestly, I didn’t expect the buying power to be lacking during the price surge, yet during the dip, the bottom-fishing sentiment was pretty solid. Of course, the main player here is still BlackRock. Both $BTC and $ETH's bottom-fishing efforts are led by BlackRock. Without BlackRock, these numbers wouldn’t look as good.
One more thing, BlackRock’s $ETH holdings have already exceeded 4 million tokens. Although I feel that $ETH’s performance over the past two months has been pretty weak, falling back under $BTC’s shadow, I still believe that $ETH’s future won’t drift too far away from $BTC.
This post is sponsored by Bitget | @Bitget_zh
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