Yesterday, many friends asked me about the ETH unstaking issue. Previously, I shared some data regarding the average purchase price of the $ETH spot ETF, which is approximately between $2,800 and $3,000, and it might even be a bit higher.

Starting from 2024, ETH has had two breakthroughs above $4,000, one above $3,900, and one above $3,800, so there should be quite a few high-priced positions that are still held. After all, many friends are anticipating whether it will break new highs like $BTC.

Therefore, after this breakthrough to $3,800, there should be quite a few "height-fearing" or "unwinding" friends who either ran away completely or partially, worried that after breaking through $4,000, there might be a pullback, which is quite normal.

My focus is on the significant increase in trading volume and buying power of BlackRock's $IBIT during this wave. Is it preparing to enter the second phase of building positions, or is it just a short-term effect? The former seems slightly more likely, as BlackRock's investors tend to prefer long-term holding.

Let's observe more for now.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。