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After this round of bull run ETF passes, the starting point of every 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 of the aggressive buying on the ETF side.
Today I looked, and Bitcoin and Ethereum ETF funds have been experiencing a net outflow for several days, which indicates that the short-term bulls are a bit shaken, and the funds are hesitating, with an unclear direction. In this situation, recklessly going long has a poor risk-reward ratio and very 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 BTC and ETH ETFs continue to see large outflows, the short-term trend is likely to remain weak.