BlackRock's ETF address recently made a large purchase of 2,400 BTC and 24,760 ETH from a major exchange, with a total value approaching $294 million. It seems that institutions are continuously deploying, but the exchange remains in a negative premium state, which is quite awkward😂. Large capital inflows, yet the price hasn't risen, making this situation quite frustrating. Is it that the market's absorption capacity can't keep up, or are other factors at play? It's worth monitoring.
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BlackRock's ETF address recently made a large purchase of 2,400 BTC and 24,760 ETH from a major exchange, with a total value approaching $294 million. It seems that institutions are continuously deploying, but the exchange remains in a negative premium state, which is quite awkward😂. Large capital inflows, yet the price hasn't risen, making this situation quite frustrating. Is it that the market's absorption capacity can't keep up, or are other factors at play? It's worth monitoring.