Compared to BTC, the performance of the ETH spot ETF is equally disappointing. Major institutions like BlackRock and Fidelity continue to sell off, leading to extremely low user sentiment, especially among ETH investors, with almost no one making a profit. Since the end of July, the price of the spot ETF has fallen below the total increase for 2024, while BTC still has profit potential; ETH has incurred full losses.

Therefore, it is understandable that ETH investors choose to exit due to the inability to bear the losses. Data shows that in week 32, U.S. investors reduced their holdings of ETH by over 60,000 coins, but this has decreased compared to week 31, indicating that market panic may have gradually eased.

However, market panic may still persist in the next one to two weeks. If the dot plot indicates more than three rate cuts and Powell maintains an optimistic view of the economy, it is expected to stabilize market sentiment before the GDP announcement in April. However, investors still need to remain cautious and closely monitor market dynamics. #美股大跌 #美国犹他州比特币法案 #加密市场观察 #鲸鱼囤币 #BBVA获批提供BTC及ETH交易