š¬ Ethereum #ETFs Are Bleeding Hard
š The Sell-Off Streak
#Ethereum spot ETFs just recorded 5 days straight of outflows. Nearly $796M vanished in one week. On September 27 alone, $248M poured out one of the biggest exits ETH has seen.
š± Capitulation or Just Fear?
Analyst BitBull says this is classic capitulation. Panic selling everywhere. Price dropped 10.25% in a week. ETH is now clinging to support at $3,875⦠and if it breaks, we could slide to $3,626 or even lower. Ouch.
š¤ But Wait⦠the Other Side
Not all is doom. Over 35.7M $ETH are staked, worth nearly $143B. Grayscale is even preparing ETH staking ETFs. And one whale, BitMine Tech, just scooped up $1B in ETH. Someone clearly believes the future is bright.
Well... ETH investors right now are like: āDo I sell everything⦠or stake and pray?ā Honestly, itās giving crypto soap opera vibes.
š Is this mass exodus just fear⦠or the start of something bigger? What do you think about this?