The ETH ETF did not bring much fluctuation to the market, which is very disappointing for many long-term investors. However, as investors, we need to accept that these things happen and not be too emotional. Take a careful look at the market trends. In fact, this is a long-term favorable information for the crypto world, at least increasing the exposure of the crypto world. From the current situation, it seems that market makers are trying to attract more long-term chips. Although the US stock BTC ETF did not show a net inflow, the US stock ETH ETF saw a net outflow of $150 million yesterday, indicating selling pressure in the early stages of trading.

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The news is the tool that Whales and institutions use to suppress or pump. On July 13th, Trump was shot, and BTC broke through $68,000 in one fell swoop. Then, the data of Mt.Gox BTC compensation continued to appear, causing BTC to fall to a minimum of $63,750 today. People are most worried about when the creditors will start selling BTC. Furthermore, Harris will run for President of the United States, and many 'experts' believe that Trump has lost a strong opponent. Harris, the new opponent, may not have an advantage over Trump, especially since the current Vice President of the United States, Harris, will not attend the BTC 2024 conference. The encryption market in 2024 seems to have been labeled with politics again and has been hijacked by the U.S. elections. Therefore, Whales and institutions have successfully dumped once again by using these sensitive news. Another major event is that on Friday local time, the U.S. will release the June Consumer Expenditure Price Index (PCE). With the recent fluctuations in the U.S. stock market, this will attract more attention from the outside world.
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There is a saying in the market that every meeting must lead to a decline, but can this phenomenon be broken? This time, Comrade Chuan Jianguo clearly brought Favourable Information to the crypto world, but the market instead experienced a short-term adjustment. This small adjustment may only scare the Newbie, while the Seasoned Trader will see it as a good opportunity to increase their position. The current crypto world is an extremely sensitive stage, like a spring, the market is constantly squeezing and de-bubbling. The tighter it gets, once a clear direction appears, it will definitely be a big market. So, endure the loneliness, stay firm, no matter how diverse the news is, we must have our own goals. Otherwise, changing our strategy at will may lead to failure. Now, as the overall environment is gradually maturing, operating in the new pattern of the encryption market in 2024, we must first follow the changes in the news, lay ambushes in advance, and move first to achieve financial freedom!