Last week, the ETH ETF saw a net outflow of approximately 320 million, even mo… · @fly_welinkBTC · TwKit

@fly_welinkBTC

Last week, the ETH ETF saw a net outflow of approximately 320 million, even more than BTC. Observe without chasing or catching the flying knife. ETH lost $320 million to ETFs this week, even more than BTC, so I'm not going to chase it for now. From October 12th to 16th, US stock crypto ETFs saw a total net outflow of approximately $611 million. The ETH spot ETF saw a net outflow of 320.1 million, with BlackRock ETHA alone accounting for approximately 299 million. During the same period, BTC ETF saw a net outflow of approximately 228.4 million – institutions were more averse to ETH this week. The current ETH price is hovering around 2375. Trading volume was low over the weekend. The price hasn't spoken yet, but the price structure is. I think this isn't "ETH is dead," but rather that the funding channels are still reducing their positions. Don't mistake the sideways movement over the weekend for confirmation of a bottom. Observe, don't chase, and definitely don't catch a falling knife. Only after the ETF has seen net inflows for two consecutive trading days and has stabilized above 2500 will I reconsider my bullish outlook. Failure: If the index breaks below 2300 again and ETFs continue to experience large outflows, this wave of observation will be downgraded. Do you think we should focus on the return of funds to ETH next week, or on whether BTC can hold above 80,000? #Grayscale and Republic launch three crypto funds $ETH $BTC $ETHA.ETF

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