$ETH

Now the square is singing bullish about Ethereum everywhere because BlackRock has bought it. Is BlackRock's purchase due to cost-effectiveness? After all, it has dropped so much; could it be that institutions are lifting retail investors? I want to know if those who are bullish now are the same group that was bearish before. Are they so fickle?

Returning to the discussion about the 2.3 drop, it's because the long-to-short ratio for Ethereum is too high, close to 6:1. Why are there so many long positions? Is it because historical experience shows that Ethereum generally rises more than Bitcoin? Then why has this round failed? It's because the existing funds can't move such a heavy vehicle.

Leverage has now been mostly cleared. Do you still have confidence in Ethereum?