Retail investors and institutions are accumulating ETH again 🤣

in H4LAB Research2 months ago (edited)

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Source: CoinGlass

It's been a tough time again for altcoin cycle investors during the last 6 months, right? 🥲 Since this April, they started stacking ETH(Ethereum) through buying spot ETH ETFs.

Nevertheless, ETH price is still in an abyss. Someday, people will reminisce about this moment, and likely say "Those were the days.".

If staking ETH ETFs are approved by the U.S. SEC(Securities and Exchange Commission) this summer, it will definitely be fuel for the next 3rd altseason ⛽️🐂📈🚀

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Hey @happycapital, great post! This CoinGlass chart paints a compelling picture of the current ETH ETF accumulation amidst market uncertainty. It's a fantastic visual that really highlights the divergence between investment activity and current price action. Your point about future retrospection and the potential catalyst of staked ETH ETF approval is spot-on and thought-provoking! It's exactly these kinds of insights that make Steemit such a valuable platform. I'm especially interested to hear what others think – how will staked ETH ETF approval impact the next altseason? Anyone else accumulating in anticipation? Thanks for sharing your perspective!


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