6.30 Apart from BTC, only optimistic about ETH rather than Sol and BNB ETF has a compliant liquidity channel 2. Being sufficiently decentralized, secure, and close to full circulation is the most important for institutions In the first half of the year, there was a sharp drop of 66%, which once fell below the average holding cost of the past four to five years, enough to acquire enough chips 4. The sharp decline in gold prices is a shift in market capital's risk appetite, from hedging to risk management. ETH will absorb BTC capital outflows, as evidenced by exchange rate fluctuations Although the ETH chain is a mess, it's not important. The BTC chain is also a mess. Compared to the brushing data on the chain, security is more important