Phyrex
Phyrex|Feb 10, 2025 15:26
Although ETH's data is not very good, BTC's data should be slightly more optimistic. At least BTC still maintains a net inflow state, with small-scale inflows from BlackRock and Fidelity. Investors' optimism towards BTC is still stronger than ETH's. And the selling was only a total of 516 BTC sold by Grayscale GBTC and Jingshun, not much. In fact, from the perspective of the situation, both BTC and ETH have insufficient purchasing power without new positive news, and the buyer's market can only remain very fragmented. When there is positive information, although the temporary buying data is good, the decline in user sentiment is too fast, making it difficult to maintain a sustained bullish situation. It is likely that the current liquidity is too poor. The data for the 56th week of BTC spot ETF is also not friendly enough. Compared with the 55th week, the net purchasing power of US investors is only 38%, a decrease of 62%, and the 55th week has also decreased compared to the 54th week. Therefore, it can be clearly seen that the sentiment of investors in the past three weeks has not entered the FOMO state, which naturally has a lower impact on the price. However, it can still be seen that more investors are still looking forward to a better upward trend for Bitcoin in the future, after all, the new US government's support for cryptocurrency is quite strong. Data has been updated, address: https://docs. ((google.com))/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit? usp=sharing Weekly data address: https://docs. ((google.com))/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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