Although the data for $BTC on Monday was not very good, the data for $ETH was still quite decent, especially when BTC was experiencing net outflows, while ETH maintained net inflows, and the amount of inflow was also considerable. This aligns with what I mentioned today about whether Sun Yuchen selling ETH would end the bull market; if this is truly an ETH bull market, it certainly cannot be changed by just one person, but rather is a reflection of the collective will.

It is currently very clear that more investors are buying ETH, believing that the potential for ETH to rise is higher, especially when looking at the exchange rate between ETH and BTC. It cannot be ruled out that ETH may continue to rise in exchange rate, which is also a key point of speculation for investors. Today's news also shows that ARK and SBET are both increasing their exposure to ETH, indicating a bet that ETH can continue to rise.

Data address: https://docs.google.com/spreadsheets/d/1W7JJ8lMQiUUlBb9U-BvFoq2H-2o5CpUuPO4D_KK3Ubw/edit?usp=sharing

This article is sponsored by #Bitget ｜ @Bitget_zh

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