Surprisingly, ETH has taken the lead over BTC to enter a phase of net inflow. As we observed a few days ago, the market has clearly sensed the bottom-fishing activity of traditional institutions: the fund data for BTC on Monday already showed early signs, while ETH's data was even more aggressive. Notably, even as BTC remains the top seller, BlackRock's funds have quietly begun to position themselves in ETH.

On the other hand, Fidelity investors, who traditionally prefer 'buying the dip and selling the rally,' are increasing their bottom-fishing efforts. Although this portion of funds is likely for financial investment, aiming to profit from a rebound, it still sends a key signal: some traditional investors now see the current price levels as a good entry point.

Chart created by X-Pyrex statistics #eth $ETH