#eth

Through futures derivative data, we believe that the current market's bearish sentiment still exists, and there is a billion-level naked short situation, but the options and spot markets reflect a certain degree of bullish positioning.

In the spot market, the ETH ETF has reversed its previous weak state, with a continuous net inflow over the past 15 days. On June 10, the single-day net inflow reached 125 million USD, with a total inflow of 450 million USD in June, of which BlackRock bought 360 million USD, becoming the main buyer, indicating a bullish trend.