6.3 Auntie Ta plummeted 6.5%! Worse than Bitcoin, can the 1800 level hold?

$ETH
Today’s Auntie Ta dropped even more sharply than Bitcoin! This morning, it hit 1837, creating a new low in nearly two months. Over the past week, it has been declining from 2100, with a total drop of over 12%. The total liquidation across the entire network reached $1.78 billion, with ETH bulls accounting for over 95%. Many people are now buried above 2000. Now everyone is asking: can the critical level of 1800, this life-and-death line, be maintained?

Today's operation: rebound and short, never fight the trend
Entry: rebound around 1880-1990, short at the 1950 level, watch 1800-1700

ETF capital outflows are more thorough than Bitcoin:
Bitcoin ETFs still occasionally see single-day net inflows
But Auntie Ta ETFs have experienced 11 consecutive trading days of zero net inflow, with all products net outflows
Institutional funds are systematically withdrawing from ETH, which is the most deadly signal

On-chain activity continues to cool down, fundamentals weaken:
In the past 30 days, Auntie Ta’s mainnet Gas consumption and active addresses both declined
Layer 2’s diversion effect is faster than expected, Auntie Ta’s value capture ability is being diluted
The positive news from BlackRock’s staking ETF also failed to rescue the market; investors are not buying it at all

Auntie Ta / Bitcoin exchange rate collapse, funds rapidly concentrating into Bitcoin:
In the past month, the Auntie Ta / Bitcoin trading pair has fallen about 15%
This indicates that in a bear market, funds are abandoning all altcoins and flocking to Bitcoin, the "digital gold"
The "crypt oil" narrative of Auntie Ta has completely failed, and it can no longer even hold the position of "second place"

Currently, Auntie Ta is under dual pressure of panic selling and continuous fund outflows
A technical rebound could happen at any time, but it is definitely not a reversal
If the daily close does not stabilize above 1950, all rebounds are just opportunities to short
Preserving principal is more important than anything else; don’t fight the trend #微策略出售32枚比特币