Last Friday, the spot ETF data for BTC and ETH were still not very friendly, but they were not too bad, at least not to the point of panic. Although there were net outflows last Friday, the actual amount of outflows was not significant. From the data of ETH, Grayscale and Bitwise are the focus of selling, with a total of 7222 ETH sold, which is not enough to have an impact on the spot prices in the market. I have seen many friends ask why the price of ETH is not rising, but still falling, even though Bybit has bought a large amount of ETH to fill the gap. I am not sure if Bybit's gap was bought in the secondary market, and I have not paid attention to this issue recently. If it was bought in the secondary market, it would be a wedding dress for liquidity exit. I think it should not be the case. Such a large amount of funds should have been bought in OTC. From the 30th data, it can be seen that compared to the 29th week, the ETH held in the United States is decreasing, but only by 46 ETH. The overall holding parameters have not changed much, which also indicates that most investors are not so sensitive to the current price, and even when there are many FUD voices in ETH, investors' emotions are still very stable. However, the net purchasing power in the 30th week decreased by about 47% compared to the 29th week. Although investors are not very interested in selling, their interest in buying will be even lower. However, it is precisely because the interest in buying was low during FOMO that the selling pressure is not very strong now, while BTC's selling is even greater. As of now, Grayscale holds a total of 1774281 ETH, ranking first, BlackRock holds 1366069 ETH, ranking second, and Fidelity holds 466650 ETH, ranking third. Other data is even lower. 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