When I saw the BTC data, I was wondering if the ETH data would be slightly better, and the conclusion is certainly yes. Indeed, the ETH data has also turned into net inflows, although it is still very low. Similar to Bitcoin, there is a small portion of investors who believe that now is a good time to build positions. However, just like Bitcoin, BlackRock's investors are selling, while the buyers are those Fidelity investors who prefer to chase the highs and cut losses.

Today, I also obtained data from Bloomberg showing that the average cost for investors in the ETH spot ETF is around $3,500. Therefore, with the current spot price, almost all investors are at a loss, deciding whether to cut losses or continue to wait. Most investors have chosen the latter, so although buying power is very weak, the selling pressure is not coming from the spot ETF. $ETH $BTC $SOL #美国伊朗对峙 #美国零售数据逊预期 #易理华割肉清仓 #黄金白银反弹