Currently, we are in the adjustment phase of the washout.
比特财经阿杰
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Is the bull market still on? The following information can give you the answer!
According to Greekslive, since February, the market has entered a significant correction, with BTC once dropping to $91,000, and ETH experiencing an even larger decline, falling to $2,100, marking a new low since 2024. Meanwhile, altcoins faced even sharper declines, with many dropping by 50% in one day. During the most intense downturn, the IV of ETH short-term options broke 110%, and major expirations rose to over 70%, currently remaining at high levels. BTC's decline has been more moderate, with short-term options IV rising to 65%, but as it regained the $100,000 mark, the major expiry IV fell back to pre-crash levels. From the options data, it can be seen that both BTC and ETH's Skew have maintained positive values, and whales have significantly increased their positions in call options during the correction, indicating that the market remains optimistic about the future.
According to SoSoValue data, on February 4th Eastern Time, the total net inflow of Ethereum spot ETF was $308 million, recording net inflows for four consecutive days. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock ETF ETHA, with a net inflow of $276 million in one day, bringing the historical total net inflow to $4.413 billion. The second highest was Fidelity ETF FETH, with a single-day net inflow of $27.4655 million, and a historical total net inflow of $1.49 billion. As of now, the total net asset value of Ethereum spot ETFs is $10.369 billion, accounting for 3.15% of Ethereum's total market capitalization, with a historical cumulative net inflow of $3.15 billion.
