BRUTAL🔥
🧨 After the fall, Wall Street and major players bought the DIP in #Bitcoin and #Ethereum.
🤯 The magnitude of the purchases shows an ENORMOUS institutional appetite
Is there more interest in ETH than in BTC⁉️
- Since June, ETFs and corporate treasuries have already purchased 4.9% of the entire ETH supply, according to Standard Chartered
👉 #Bitcoin ETFs returned to the green after 6 days of outflows
👉 They recorded +$219M in net inflows yesterday
• Fidelity: +$65.6M
• BlackRock: +$63.4M
• ARK: +$61.2M
👉 But the most significant happened in #Ethereum:
• +$443M net in a single day, double what came in BTC
💥 Corporations also bought the dip
• SharpLink Gaming acquired 56,533 ETH (252M USD)
• Now it owns 797,704 ETH (3.7B USD)
• Even Donald Trump, via Truth Social, just bought over 5M USD in ETH
• Since June, ETFs and corporate treasuries have already purchased 4.9% of the entire ETH supply, according to Standard Chartered
📍 When Bitcoin and Ethereum drop, big investors TAKE ADVANTAGE of the dip 👀
📍 Now the question is, will the rally continue⁉️