I didn't expect it to be beyond my expectations.

CN
Phyrex
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4 days ago

I didn't expect it to be beyond my expectations. Last night, I was still saying that during the most FUD period for ETH, ETF investors were actively buying ETH. However, after a series of positive news yesterday, the selling of #ETH surged. The same situation occurred with #BTC, but at least BTC had a net inflow, while ETH experienced a net outflow.

It's not hard to understand; it's all a Sell The News behavior. In fact, it wasn't until near the close of the US stock market yesterday that market sentiment gradually shifted from selling back to buying. The US National Reserve yesterday reached a psychological threshold for some investors, who believed that with the positive news materializing, it should turn bearish, leading to significant selling volume, which is very normal. The selling volume in the spot market yesterday was even exaggerated.

In the data from the past 24 hours, although selling was predominant, it can still be seen that most investors have strong expectations for the future. The most sold was Grayscale's $ETHE, which only sold a little over 5,000 ETH, a volume that is still less than what Trump's WLFI bought. Bitwise also sold less than 1,000 ETH, which isn't much either.

On the net inflow side, BlackRock had zero yesterday, while Fidelity continued to buy over 2,200 ETH. Overall, even with the Sell The News behavior, these sell-offs aren't significant. I expect that buying volume will increase after the market opens today, especially since small V has made some changes.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing

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