source avatarFrigg 🌸

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Last week, it really felt like institutions were basically saying they don’t want $ETH. There were outflows from the $ETH ETF for 3 days straight. I was also seeing a lot of “$BTC dominance won” takes around that time. The whole vibe was basically that $ETH was dead. Then $57 million went into the $ETH ETF. And that came in in just one day. On the $BTC side, it was already strong. 3 straight positive days, and yesterday saw $115M in inflows. But to me, the key point here is $ETH turning back. I think it shows people are starting to look at altcoins again. That’s why this feels a bit like a transition moment. Yeah, it’s only one day of data, but I still think it’s something worth paying attention to. If this week also closes positive, the excitement around altcoin season goes up. This week’s $ETH ETF numbers are critical.

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