Matrixport released a daily chart analysis saying, "We alerted two weeks ago that the phased risk of Ethereum was accumulating: over the summer, incremental buying was mainly from Bitmine, and its continued buying was largely supportive of price and market sentiment.
At the same time as Bitmine buying and exiting, Ethereum-related ETFs have accumulated a net inflow of about 10 billion US dollars, and related long positions have been at a high level. In the absence of new capital relay, the price adjustment pressure has increased significantly.
So far, Ethereum has corrected by about 10% during the year, and has fallen by nearly 20% since we first alerted the risk. The long deleveraging process is basically in line with our previous judgment. This trend is one of the negative developments in the crypto market worth watching this year, but it also once again confirms an important fact: Only by insisting on data can we gradually build a real advantage in investment and trading. "
Matrixport: Ethereum summer narrative ebb, data signals have long been foreshadowed
2025-11-18 07:21:10
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