2025-12-24 22:22:47

In terms of data performance, Ethereum indeed has a slight advantage over Bitcoin, but to be honest, this advantage is not really obvious. The best indicator of the situation is still the actual actions of institutional investors—BlackRock's investors are still continuously selling, and although Grayscale has some investors choosing to buy, the volume of buying is hardly noticeable.

Ultimately, this situation is no different from the previous Bitcoin cycle. What can we see from this? The enthusiasm of traditional capital for cryptocurrencies is clearly waning. However, on the other hand, the selling pressure is not as fierce as imagined; although buying is tepid, there is no panic selling. From this perspective, the market is actually in a relatively balanced stage—not an optimistic starting point, nor a pessimistic bottom, but a genuine state of observation.

ETH-0.38%

BTC0.56%

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GweiWatcher

· 9h ago

BlackRock is still selling, and Grayscale's buying volume is really just a drop in the bucket... This is the true attitude of institutions. What does the withdrawal of institutions indicate? Traditional capital is just tired of playing. Balanced stage? Basically, no one dares to make a heavy move, everyone is waiting for a signal. Even with Ethereum's data advantage, it's useless; big players' words don't count. This round is no different from the last one, it's all a wait-and-see game. Whoever takes the bait will be the one to suffer.

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P2ENotWorking

· 9h ago

BlackRock is still selling, Grayscale can't keep up. Frankly, traditional big players haven't been that excited for a long time. This round feels like a slow death.

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WalletDoomsDay

· 10h ago

BlackRock is dumping, we all know it well; Grayscale's purchase volume is simply not enough to matter. Traditional capital has long been tired of this; this time, it's not as crazy as the last round. Institutions are all watching, and retail investors are still hesitating over what to do.

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PuzzledScholar

· 10h ago

I'm not surprised at all about BlackRock's sell-off. The real test is the institutions' genuine assets; all the fancy talk is ultimately just superficial.

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