Phyrex
Phyrex|Jun 23, 2025 15:55
Although BTC's data was still good on Friday, ETH's data was not very good, especially with no net outflows for 29 consecutive days, and most of the time there were net inflows. BlackRock, the main player, had over 8000 ETH outflows, which led to a poor overall situation on Friday. Even the Huaxia ETF in Hong Kong had over 900 ETH outflows. Overall, at least for now, ETH does not have the ability to independently break through. Although it has indeed seen a good increase recently, as we have been emphasizing, there is not enough liquidity to maintain the breakthrough price many times. Moreover, without liquidity, it is difficult to drive the imitation season that many investors are looking forward to. This is true for ETH and Russell 2000. Moreover, the actual increase in holdings of US ETH spot ETFs this week is more than 12 times higher than last week, indicating a significant cliff like decline in purchasing power. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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