Yesterday's ETH data still showed it leading BTC, with the funding volume roughly 5 times that of BTC. Although many friends think ETH's rise isn't very strong, this is because there’s still a lot of selling pressure on ETH at the moment. Without these purchases, ETH's price would be even worse. Overall, there’s still quite a bit of off-market capital buying into ETH spot ETFs. The main buyers are still institutions like BlackRock, but just as some friends think, both ETH and BTC are showing signs of fatigue. This is mainly due to market uncertainty. However, the U.S. stock market is still doing well—today, the S&P 500 hit another all-time intraday high, which shows that overall investor sentiment isn’t too bad. Next, let’s see what tomorrow’s core PCE data brings. This post is sponsored by Bitget ｜ @Bitget_zh