ETH whales seem to be moving to Robinhood chain en masse. The capital influx should be wild. Obviously, we are already seeing some of it.
This never happened with Solana or Base
ETH JUST HAD ITS STRONGEST ETF DAY IN 10 MONTHS
$225.8M flowed into U.S. spot ETH ETFs on Thursday.
BlackRock’s ETHA bought every session for 9 straight days, taking in $1.02B.
Then Friday:
🟣 ETH ETFs: +$102.1M
🟠 Bitcoin ETFs: -$201.9M
Same market. Different bid.
Monday’s ETF print gets posted here when it lands.
$ETH
ETH and SOL can be lent and traded on their native chains. Yet using BTC in DeFi has usually meant wrapping it, moving it elsewhere, and trusting another system.
It was a useful workaround. Why did we ever accept it as the standard?
Bitcoin markets should run on Bitcoin.
Read More:
#ETH# Seller Exhaustion at the lowest in a decade.
Realized vol in the bottom 3% of history, and over 60% of supply underwater.
Bottoms get built out of conditions like this: seller side is emptying, the bid still needs to show up.