Last night, ETH didn’t follow BTC’s drop; instead, it moved independently. Some people are asking why? Looking at the capital flow data, contracts are still mainly selling, but there’s been quite a bit of spot inflow. This shows that some funds thought ETH was undervalued last night. However, they weren’t very confident and didn’t dare to play with contracts, so they just bought spot instead. In my opinion, these people are like ants trying to shake a tree or a mantis blocking a cart. It won’t be long before this guy gets buried, though at least spot holdings won’t disappear. Anyway, it’s not the big players accumulating; it’s just some whales buying in to bet on a rebound.