Ethereum ETF is coming, beware of some capital flight
There is a certain correlation between the capital inflow of Bitcoin ETF and the price of Bitcoin.
About ten days after the launch of Bitcoin ETF (January 11 to 23), the price of Bitcoin fell by 15%, which to a certain extent weakened the enthusiasm of capital inflow.
But in the next three weeks, the price of Bitcoin rose by about 30%, which in turn led to a large amount of funds pouring into the crypto market.
Although the approval of Ethereum ETF is a major positive for the crypto market, we must also be wary of the negative news brought about by the realization of the positive. There may be some profit-taking and flight, which will bring turbulence to the market. At that time, the K-line pin situation may appear. When the news is announced, we must be flexible! ! !
