The market sentiment is generally neutral to negative
๐ฏ.
On the first day of trading, the inflow into
spot Ethereum ETFs ๐น was $106,780,000. Additionally, there was a
record inflow of ETH into long-term holder wallets, with +714,000 ETH (worth $2.4 billion) in one day. Despite this, the price of Ethereum has remained stagnant or even slightly decreased. I think we can expect growth in 2-4 weeks, similar to what happened after the launch of spot Bitcoin ETFs.
There has been a renewed
outflow from spot Bitcoin ETFs
๐, with $77,970,000 withdrawn yesterday. This was expected, as some traders sold their spot Bitcoin ETFs to buy spot Ethereum ETFs, while others took profits, following the saying, "Buy the rumor, sell the fact."
Mt. Gox wallets
transferred 37,477 BTC
๐ (worth $2.5 billion) to an unknown address. Additionally, 2,361 BTC (worth $155.3 million) were transferred to the Bitstamp exchange, and 90,344 BTC (worth $5.93 billion) remain in the Mt. Gox balance. This is causing some market nervousness and is one of the reasons why the market is stagnating.
๐ฐ Pavel Durov highlighted the success of the
mini-game Catizen๐ฑon Telegram. According to him, the project earned $16 million from in-game purchases and donated 1% of it to help homeless cats.
I'm still waiting for an acceptable entry point for a new Bitcoin trade. If TON
๐ falls further, I'll continue buying more to lower my average cost
๐๐ผ.
Wishing everyone a crypto-positive day
๐!
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