Nansen analyst: The decline in ETH price is due to investor sentiment, not ETF outflows
Since the start of Ethereum spot ETF trading in the United States on July 23, the price of Ethereum has fallen by more than 26%, with a total net outflow of funds reaching $420.5 million. However, Aurelie Barthere, chief research analyst at Nansen blockchain analysis platform, stated that the decline in Ethereum's price is not due to continuous capital outflows from ETFs, but rather due to investors' lack of risk preference.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An AAVE whale has bought over 40,000 AAVE on dips again in the past 5 days
Chainlink Reserve adds 89,079 LINK tokens, bringing total holdings to 973,752 LINK
A certain whale has bought another $7.1 million worth of AAVE in the past 5 days
Trending news
MoreCrypto prices
More
