Phyrex
Phyrex|Apr 14, 2025 17:05
The data for ETH continues to be poor, with significant sales last week. However, the sellers have shifted from BlackRock and Fidelity to Bitwise and VanEck. The pessimistic sentiment among investors is still spreading in the ETH market, especially with the instability of tariffs and monetary policies, which has led to more funds still concentrated in top assets with safe haven properties, such as BTC, a cryptocurrency. Compared to Bitcoin, the purchasing power of American investors continued to decline significantly in the 37th week, almost three times lower than in the 36th week. Investors' selling sentiment was much higher than BTC, which also led to the increase in holdings of ETH spot ETFs being less than 10% as of Friday, and the exit liquidity on ETH has become increasingly evident. What is related to ETH is the staking of ETFs, which has been postponed again today, and even for ETH, which is currently facing difficulties, its usefulness may not be significant. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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