Nansen analyst: The drop in ETH price is due to investor sentiment, not ETF fund outflows
ChainCatcher news, according to Cointelegraph, since the launch of the U.S. Ethereum spot ETF on July 23, the price of Ethereum has dropped by more than 26%, with a cumulative net outflow of funds reaching $420.5 million.
However, Aurelie Barthere, chief research analyst at the on-chain analytics platform Nansen, stated that the decline in Ethereum's price is not due to the ongoing outflow of funds from the ETF, but rather a lack of risk appetite among investors.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
Mention the project
