Last Friday, the data for bitcoin:native was not good, and there were actually no expectations for ethereum:native, but in reality, the data for ETH is still acceptable. There is still only a small net outflow from BlackRock investors, while other institutions have hardly changed, which also shows that most traditional investors have shifted to long-term holders, and short-term holders have almost exited.
In the recently concluded Week 97 data, American investors net withdrew 95,567 ETH, which is much better compared to the over 120,000 net outflow in Week 96, and also indicates that ETH entered a situation with a majority of ETF long-term holders earlier than BTC.
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