Last Friday, ETH's data wasn't much better either. Grayscale and BlackRock investors are still the main forces behind the sell-off, but similar to BTC, even though they're selling, the intensity of the sell-off is starting to decrease. For example, Grayscale reduced holdings by over five figures, while BlackRock's sell-off was only in the four-figure range. In the past 82 weeks of data, U.S. investors have collectively reduced their holdings by around 82,000 ETH, compared to approximately 90,000 ETH in week 81. It's clear that traditional investors are selling less, but the buying power is still a complete mess. Investors have absolutely no interest in buying crypto ETFs. @bitget VIP, lower fees, bigger perks