PANews reported on May 28th that, according to analyst Yu Jin, since the launch of spot ETFs, the price movements of BTC and ETH have largely mirrored the ETF fund flows: inflows correspond to price increases, and outflows correspond to price decreases. His data shows that from October of last year to the present, the size of the BTC ETF has decreased from $169.5 billion to $96.4 billion, a reduction of 43%, while the price of BTC has fallen from $125,000 to $73,000 during the same period, a drop of 41%. Similarly, the size of the ETH ETF has decreased from $32 billion to $11.6 billion, a reduction of 63%, while the price of ETH has fallen from $4,800 to $2,000 during the same period, a drop of 59%. Recently, ETFs have experienced continuous net outflows, and the corresponding prices have fallen for approximately half a month.
Analysis: Bitcoin and Ethereum prices are highly synchronized with the inflows and outflows of funds in spot ETFs.
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Author: PA一线
This content is for market information only and is not investment advice.
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