BlackRock's IBIT net inflow yesterday reached a new historical high. The premise of being a market maker is to acquire a certain proportion of chips to control the trend during a rally.
Now, the Ethereum Foundation is selling coins daily, which is reminiscent of Grayscale selling Bitcoin consistently in the past. Previously, all retail investors were buying Ethereum, but the weight is too heavy, requiring a longer time and deeper washing, as well as a stronger market maker, before a significant rally can occur. This is also the reason for this round of decline; Bitcoin hasn’t dropped much due to ETF entry, but why has Ethereum’s ETF approval led to such a drop? Understanding the reasons behind this is key.
The secondary market is too short-lived, and money flows back to the primary market. I wasn't planning to play with meme coins anymore, but the few I bought earlier have doubled.
The first is VISTA, the platform token for the meme coin platform. I bought it, expecting to lose money and just left it alone; however, it rebounded the day before yesterday, and I thought about selling and quitting, but I got distracted and forgot to sell. Today, I checked and it has doubled again; should I sell or not?
The second is ACT, which has a great overall trend and is gaining popularity. I sold some previously and bought back in, and last night it surged by 50%. This coin seems to rally every day and then gets knocked down to wash out investors. Anyway, I didn’t buy much, so I left it alone and didn’t check it.
