Phyrex
Phyrex|Feb 21, 2025 18:36
Although the prices of BTC and ETH have risen well in the past 24 hours, the data of ETFs are not good. Of course, as I mentioned recently, this kind of weakness is localized and small-scale. In fact, more investors have not reacted much. The more they bought before because of FOMO, the more likely it was to sell. In Thursday's data, Grayscale and Fidelity still sold the most ETH. But it's only less than 3100 ETH, and I believe no one would think that such a small amount of data would affect the price of ETH spot. In fact, this is also the case. During this period, both BTC and ETH are still traded on exchanges. Speaking of which, the upward trend of ETH was good today, but the Bybit theft incident still caused panic among some investors, especially those who were worried that various ETH worth $1.44 billion would be sold off. Therefore, many investors chose to leave early, which led to the termination of the entire market's upward trend, which was also a disaster without reason. Data has been updated, 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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