Phyrex
Phyrex|Jan 23, 2025 17:37
Many friends ask the same question, why is the buying volume of ETH spot ETF good, but the price does not rise. There are actually many reasons, and several important viewpoints are: Although the ETF buying volume is still decent, the gap compared to the overall ETH turnover is too large. The buying volume of ETFs can easily be overwhelmed. Recently, for a long time, some investors have had a bad attitude towards ETH, especially when SOL breaks through a new high again. Some investors may want to switch cars, so if the price rises, there will be significant selling. 3. ETH mainly follows BTC and remains the asset with the highest degree of price overlap with BTC. When BTC lacks certainty, ETH is not very good. 4. As mentioned earlier, if an AP has a large amount of low-priced chips, they can directly exchange them with investors without having to buy them themselves. 5. The liquidity of the market itself is not good, and now there are three distinct tracks. The BTC track attracts the majority of high net worth investors' funds, while the SOL track absorbs a large amount of funds from private retail investors. The remaining small amount of funds is in ETH and Shanzhai Coin. So there are not many solutions to save ETH now. As Bitcoin gradually oscillates, although the exchange rate with BTC may gradually widen, compared to other altcoins, the stability of ETH is still acceptable. Either by pledging ETH, ETH can enter the first track together with BTC to attract high net worth investors' funds. The third option is for the popular foundation to provide favorable adjustments, but relatively speaking, it is not easy. The only simpler option should be the staking of ETH. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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