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After this round of bull run ETF is passed, the starting point of each wave of the market is basically inseparable from the net inflow of Spot ETF. The reason ETH has been strong in the past two months is actually because the buying on the ETF side has been aggressive.
Today I looked at it, and the funds for Bitcoin and Ethereum ETF have been net outflowing for several days, which indicates that the short-term bulls are a bit shaken, and the funds are hesitating with unclear direction. In this situation, recklessly going long has a poor risk-reward ratio and low cost-effectiveness.
First, look at the inflow and outflow of ETFs for a few days, and then judge the strength of the market. If tomorrow the ETFs of BTC and ETH continue to have large outflows, then the short-term trend is likely to remain weak. #Gate ETH 挖矿年化收益 5%#