My mom just called to ask if I want to meet up this weekend. I was like 'uh-huh' while noticing that Ethereum ETF just saw an outflow of $82.18 million, which is really concerning.
I don't think this is just about $ETH feeling down.
It feels more like it's dragging the whole narrative of major altcoins towards a 'let's not get too excited' vibe, especially now that $BTC is stuck in this indecisive range around 62830, and the correlation between sectors is really apparent.
Honestly, with ETF funds flowing out, it shows that big money isn't so hyped about public chains right now.
On the $BTC side, the spot to futures trading ratio has hit 7.8x, which just looks exhausting, like a bunch of folks are stubbornly holding onto their emotions while trading.
I'm leaning towards a wait-and-see approach, not chasing this mainstream bounce.
It’s not that I think we’re about to plummet; it’s just this combo of 'ETH funds pulling out, BTC being propped up by leverage' has me feeling uneasy. The narrative isn’t aligning, and the market can easily twist.
Doudou just jumped on my keyboard again. After I moved him, I still hold that view: this position feels off. I’d rather take it slow than rush in when the sectors are flickering.
I could be wrong, just my take. $BTC #Bitcoin
I don't think this is just about $ETH feeling down.
It feels more like it's dragging the whole narrative of major altcoins towards a 'let's not get too excited' vibe, especially now that $BTC is stuck in this indecisive range around 62830, and the correlation between sectors is really apparent.
Honestly, with ETF funds flowing out, it shows that big money isn't so hyped about public chains right now.
On the $BTC side, the spot to futures trading ratio has hit 7.8x, which just looks exhausting, like a bunch of folks are stubbornly holding onto their emotions while trading.
I'm leaning towards a wait-and-see approach, not chasing this mainstream bounce.
It’s not that I think we’re about to plummet; it’s just this combo of 'ETH funds pulling out, BTC being propped up by leverage' has me feeling uneasy. The narrative isn’t aligning, and the market can easily twist.
Doudou just jumped on my keyboard again. After I moved him, I still hold that view: this position feels off. I’d rather take it slow than rush in when the sectors are flickering.
I could be wrong, just my take. $BTC #Bitcoin