Phyrex
Phyrex|Feb 02, 2026 18:45
Friday's ETH data was even worse, with nearly 110,000 ETH flowing out in a single day. Traditional investors are accelerating their exit from cryptocurrencies, especially those from BlackRock and Fidelity, who are the main ones leaving. There's really not much to say about this data—if the U.S. stock market does well, crypto won't be too bad, but if the stock market performs poorly, the crypto market will look even worse. In the just-concluded Week 80 data, U.S. investors had a net outflow of 121,000 ETH. Compared to the nearly 210,000 ETH in Week 79, it's slightly better, but at this rate of selling, there won't be much left. Keep in mind that the average price of ETH spot ETFs is around $3,300, so most of what's being sold now is at a loss. @bitget VIP, lower fees, crazier perks.
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