- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Matrixport: Ethereum Buy-Side Structure Concentrated, or Significant Pullback Possible
BlockBeats News, November 3rd, Matrixport commented on the market, stating that Ethereum ETF performance remained flat this month. Looking back at historical data, July and August saw strong net inflows of $5.2 billion and $4.3 billion, respectively; September plummeted to $0.3 billion, October only $0.6 billion, with limited follow-up funding. Recent buying pressure has been concentrated, mainly contributed by Bitmine.
If there is a lack of new institutional funds entering, ETH may still maintain its range-bound trading, and there may even be a possibility of a deeper pullback. Bitmine's Net Asset Value (NAV) is slightly above the issuance level, allowing for further share issuance to attract incremental funds, but this would dilute existing holders' equity; its sustainability is questionable.
You may also like
Gainers
Latest Crypto News
贾跃亭: QLGN to be Renamed to AIxCrypto Before November 20, Transitioning to Cryptocurrency and Web3 Business Platform
Hyperliquid's largest ZEC short position open loss has exceeded $22.04 million
「Buddy」 ETH Long Position Fully Liquidated and Reopened with Position Value of $9.5 Million
BANANAS31's market cap surpasses $37 million, with a 24-hour growth rate of 54%.
WeBank will establish a local blockchain system in Hong Kong and develop an anti-money laundering solution.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App