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Recently, the Crypto Assets market has shown an interesting trend in capital flow. The latest data indicates a clear divergence in the flow of funds between Ethereum (ETH) and Bitcoin (BTC).
In the ETF spot market, Ethereum saw a net inflow of $288 million, while Bitcoin experienced a net outflow of $194 million. This difference resulted in Ethereum gaining approximately $482 million more in funds compared to Bitcoin.
The market liquidity clearing map also reflects the different trends of the two major Crypto Assets. The main clearing position for Bitcoin is located below $111,000, while the clearing for Ether is concentrated above $4,340.
It is worth noting that a long-term investor holding a large amount of Bitcoin and having accumulated a profit of $1.12 billion (commonly referred to as a "Ancient Whale") has made a noteworthy move. The investor sold 3,100 Bitcoins, worth approximately $348 million. Meanwhile, this investor purchased $131 million worth of Ethereum spot and opened a $336 million position in Ethereum contracts. This series of operations seems to suggest that the investor is optimistic about Ethereum's future performance and may be preparing for the anticipated altcoin bull season.
In response to these market signals, some investors are adjusting their investment strategies. Some analysts believe that under the current market conditions, it may be worth considering establishing long positions in LINK and ETH, while also opening some short positions in BTC to hedge against risks.
However, market participants generally believe that it is crucial to maintain a cautious attitude before Federal Reserve Chairman Powell delivers an important speech. Investors are closely watching Powell's remarks in hopes of gaining clearer guidance on market direction.
Overall, the crypto assets market is in a period full of uncertainties, and investors need to closely monitor market trends and flexibly adjust their strategies to respond to various possible situations.