$USDC

ETH/USDC at 2608, down a soft –1.08%. BlackRock just bought in, the headlines are full of it. ETF inflow this, institutional legitimacy that. And yet the chart is already snoring. Whatever they moved, it didn’t stick. Price barely flinched. We had a twitch to 2681 earlier, probably the algo bots getting excited by the word “BlackRock” in a news alert, then straight back down into the mid-band fog. The 1h chart is a dead hallway right now. RSI hanging around 41, StochRSI flatlined, MACD slowly sinking back into disinterest. No squeeze, no pressure, just the last drops of liquidity trickling out of a trade that already happened before anyone on Square had time to post about it.

Look deeper and it's the same rot. Money flowing out. In the last 24 hours, over 2,000 ETH walked out the back door. Large sells outweighing buys. That ETF "inflow" is real, but only in the way a thunderclap is real five minutes after the storm has already passed.

And if you look at the 4h chart, the picture doesn’t improve. The momentum is gone. MACD printed green briefly, now fading pink. RSI slipping. Volume spiked, yes, but nobody’s holding the line. It’s not a reversal. It’s not a breakout. It’s digestion. A short burst of noise, then the soft return to flat.

So yeah, BlackRock came. They clinked their glass, nodded at the crowd, and left.

And as you can see from today’s PnL, a fearless +23.7 USDC, the market gave just enough to notice, not enough to chase.

ETH shrugged, flicked a wick, and went back to bed.

Yet today is in hibernation season, in June. Weird move, but ok, sleepy bear.

$ETH