Ethereum breaks $4,300: bets on a decline, institutions in play
🔥 ETH surged above $4,300 after Federal Reserve Vice Chair Michelle Bowman stated the need for three rate cuts this year. The market interpreted this as a signal for an influx of liquidity amid stagflation risks and political pressure on the Fed.
📉 In contrast, there was a recent profit-taking: BlackRock withdrew $375 million from the ETH-ETF and $292 million from the BTC-ETF in one day — the largest outflow since May, interrupting a 21-day streak of inflows. Many expected a drop, but…
📈 ETH quickly recovered from the dip. American corporations started buying, and Bitmain raised its reserves to a record 830,000 ETH.
Institutions once again showed they can push prices down and then buy them back. For investors, this is a reminder: volatility before Fed meetings is fertile ground for manipulation, and large outflows do not always indicate a mass exit — often it is preparation for a new entry.
