8.18 ETH ETF saw nearly 2 billion outflows in a single day 💸, BlackRock + Fidelity accounted for 165 million, and ETH briefly dropped over 6% to 4226. At the beginning of August, there was still 3.7 billion inflow.
The key is to watch whether the outflows are sustained + on-chain capital/staking trends, don't be scared by daily fluctuations.
On 8.20, big news on-chain 🍉: AI Aunt reports that a whale heavily invested in 125,000 ETH long position was liquidated, leaving only 770,000 principal.
Large liquidations can exacerbate volatility + sentiment, ETH is still in a game of positioning, if stable, you need to pay more attention to liquidity and on-chain signals.
