Congrats to Fei Ge @laoliucrypto for successfully buying the dip yesterday! Although I didn’t buy myself, I’m still happy to see my friends making money. The reason I didn’t buy was explained pretty clearly yesterday. I’m still holding my $BTC long position and remain optimistic about the correlation between $BTC and $ETH. But as for buying $ETH, I’m still not going to do it for now. One reason is that my position is already quite large, and the other is that the issue I mentioned yesterday hasn’t reversed yet. Even though $ETH’s price has rebounded today, there’s still no sign of increased buying power. In fact, not only has it not increased, but selling has picked up a bit. While this selling might not necessarily impact the spot price trend, it at least shows that ETF investors currently don’t have much interest in $ETH. Among them, the classic “buy high, sell low” Fidelity investors even sold over 40,000 $ETH. This post is sponsored by Bitget ｜ @Bitget_zh