SignalQuant
The trend of ETH’s futures and spot inflow is still increasing
In ‘Quicktake’ on Oct27, I pointed out that recent ETH price flows might be set by minority’ through on-chain data analysis*. *https://bit.ly/3EgS33I Well, I didn't know that there would be an FTT crisis, but by the few who raised its price and deposited the huge amount of ETHs, it would have been done in some way, and this time the trigger was just ‘FTT’. Today, I monitored the same indicators, and even after the FTT crisis, the trend of futures and spot exchange inflows has still increased. While ETH’s trading volume is still low, there is a high inflow trend in futures and spot exchanges, indicating that manipulation by a small group is still in progress. The current situation, where bit selling pressure remains in intermittent futures long bets, may be a warning to our investors not to overdo it.