Although BTC's data looks decent, ETH's data is pretty rough. When prices pull back, investors from BlackRock and Fidelity tend to exit quickly, especially Fidelity's investors. This also highlights what we've been saying all along—investors don't have much interest in cryptocurrencies. Among the few new investors, most are just chasing the highs and cutting losses. Only a very small portion of investors will become long-term holders. However, veteran investors, after enduring the test of time, are almost all long-term holders now. While long-term investors aren't very sensitive to short-term price movements, their interest in buying and selling is also quite low. Bitget VIP—lower fees, crazier perks!