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According to the latest on-chain data tracking, yesterday there was a divergence in the flow of US spot cryptocurrency asset ETFs. Bitcoin faced significant pressure, with a daily net outflow of $32.2 million, of which BlackRock's product contributed $22.4 million in outflows. The situation for Ethereum is even more grim, with a total net outflow of $42 million from spot ETFs, and one leading product experiencing an outflow of $44.4 million.
Interestingly, the SOL spot ETF defied the trend and increased in value, with a net inflow of $1.7 million despite its small scale, indicating ongoing market interest in this ecosystem. In terms of flow direction, the capital pressure on mainstream coins still exists, but the buying enthusiasm for smaller tokens has not completely dissipated.
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BTC and Ethereum are dropping straight down, is BlackRock also starting to sell off?
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Small altcoins still have heat, this wave of decline really isn't the bottom
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Mainstream coins are dumping, but Sol is rising against the trend, the market is really divided
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Wait, BlackRock sold over 22 million in one go, what's the reason for that...
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The Ethereum figure is a bit scary, a withdrawal of 44 million directly disappeared
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Sol's 1.7 million compared to other outflows is just a drop in the bucket haha
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So the current strategy is to buy the dip in small altcoins? That's a bit crazy
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If funds continue to split like this, is the next step truly the bottom?
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BlackRock's move is a bit ruthless, BTC was directly hammered down
SOL surprisingly managed to turn the tide against the wind, it seems someone still has confidence in it.
Bitcoin and Ethereum are plunging together, while small coins are happily absorbing funds. Quite interesting.
How much more do mainstream coins need to fall before they stop bleeding? It feels endless.
Is this round of selling by institutions clearing out positions or pushing prices down? BlackRock's moves are too suspicious.
SOL is secretly bleeding, but some people are still optimistic about this ecosystem.
How is so much Ethereum flowing out? It's a bit frightening.
Small coins are still holding on desperately; retail investors are still hopeful.
Big players are cutting losses, retail investors are still in a daze, this market is going to cool down.