It seems the main force doesn't really want to drop! A large amount of capital is flowing in to support the market! Is this an attempt to push to 110,000? Or is it just a trap?
The net inflow of Ethereum spot ETF in one day is 22.117 million USD, with Fidelity ETF FETH having the highest inflow.
According to PANews, on May 16th, Eastern Time, the total net inflow of Ethereum spot ETF was 22.117 million USD. Fidelity ETF FETH had a net inflow of 13.5667 million USD in one day, with a historical total net inflow of 1.407 billion USD.
Grayscale Ethereum Mini Trust ETF ETH had a net inflow of 8.5502 million USD in one day, with a historical total net inflow of 636 million USD. The total net asset value of Ethereum spot ETF is 8.966 billion USD, with an ETF net asset ratio of 2.89%, and a historical cumulative net inflow of 2.511 billion USD.
Yesterday, the net inflow of Bitcoin spot ETF in the United States was 260 million USD.
BlockBeats reported that on May 17th, according to Farside Investors' monitoring, the net inflow of Bitcoin spot ETF in the US yesterday was 260 million USD, including:
BlackRock IBIT: +129.7 million USD
Fidelity FBTC: +67.9 million USD
ARK ARKB: +5.8 million USD
Grayscale Mini BTC: +4.6 million USD
Despite the large inflow of capital, I still believe that before pushing to 110,000, there needs to be some consolidation and correction. The position of 100180 for Bitcoin is likely to dip a bit before starting the second round of increases! Therefore, I advise everyone not to be FOMOed by market emotions, and to patiently wait! Short-term trading is difficult, so just wait for a larger market move!
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