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Recently, I noticed an interesting phenomenon while monitoring the market—surface data shows that BTC has turned into a net inflow, but ETH is still flowing out. However, I manually checked the real-time statistics from several official websites and found that ETH has actually quietly turned positive as well.
What's more interesting is the composition of the funds: the main force behind the recent inflow of BTC and ETH is Grayscale, indicating that their investors have started to accumulate on dips. However, the situation with BlackRock is completely different—despite BTC showing buy signals, their investors are still continuously selling ETH, showing no signs of stopping.
The divergence in attitudes towards ETH between the two major institutions is quite intriguing.