🚨 UPDATE 🚨

📉 The ETFs of $ETH recorded net outflows of $643.9 MILLION in the last week

👀 What does this tell us?

▪️ Institutional profit-taking

▪️ Year-end rebalancing

▪️ Short-term pressure, no change in narrative

📍Interestingly, this happens while the supply of $ETH on exchanges is at historical lows… $ETH

ETH

3,034.12

+0.99%