Spot Ethereum ETFs See $59M Outflows After 8-Day $3.7B Inflows
Spot Ethereum ETFs dem record $59.3 million net outflows for August 15, wey end one eight-day $3.7 billion buying streak. Na only BlackRock ETHA ETF get $338 million inflows during broader market rotation. Di pullback come after Ethereum climb reach $4,781, just 10.2% below im November 2021 peak, plus $1.05 billion crypto liquidation wey come as US inflation data hot pass wetin dem expect. During di same selloff, BlackRock collect $488 million ETH and $526 million BTC for im funds. BitMine get 106,485 ETH (worth $470.5 million), while one mystery whale move 92,899 ETH ($412 million) comot from Kraken, showing $882 million institutional ETH accumulation. For di last 30 days, BlackRock ETH holdings jump 65%, compare to 4% gain for BTC. Market sentiment different as retail traders dey fear Ethereum rally, even as institutional demand strong. Ethereum spot trading volume reach 1.66 times Bitcoin last week, di highest since June 2017. Technical indicators dey show ETH dey consolidate around $4,400 with support at $4,367, opening road to $5,200–$5,400 if short squeeze happen for $4,800–$5,200 liquidity zone. For this tins, di small outflows for Ethereum ETFs fit mean institutional accumulation chance, no be bearish sign. Traders go watch ETF flows, ETH/BTC ratio trends, and liquidity clusters for entry points.
Bullish
Despite di $59.3 million wey comot, di whole picture still show say ETH dey strong. Big players like BlackRock and BitMine dey buy plenty ETH—about 882,000 ETH worth $882 million—for di time wey market dey sell, dis one mean say demand no kon fall. Small small traders dey form fear even as ETH don break important technical levels and di trading volume don pass Bitcoin for di first time since 2017. Di past tins show say ETF money wey comot when retail traders fear plenty, usually come before new price rallies because institutions dey buy when market low. Di ETH/BTC ratio wey don pass im 365-day moving average plus di liquidity clusters between $4,800 and $5,200 dey prepare ground for possible short squeezes. For short time and long time, di way institutions dey gather, mixed with di contrarian sentiment and technical breakouts, show say di market fit get bullish outlook.