Compared to bitcoin:native, the data for ethereum:native is worse. As we mentioned in the Bitcoin data, only BlackRock investors were the main sellers, but even so, the selling volume wasn’t significant compared to the total. However, ETH investors from BlackRock and Grayscale have been selling almost 1% of their holdings daily recently, which is quite a large amount. This shows that investor confidence in ETH is even weaker. This is also within expectations. After all, there’s currently no way for cryptocurrencies to drive positive sentiment. Since MSTR sold BTC, investors have completely lost trust in the narrative of strategic reserves being 'buy-only, no-sell.' Bitget is here, and it’s VIP all the way! Crypto, U.S. stocks, CFDs—global opportunities, all in one place.