Finally know why ETH is not doing well in this Bull Market, because after the decun upgrade, the cost of using blob data has dropped significantly, which is good for the ecosystem and can support more transactions. But for holders of ETH, it is Unfavourable Information, because the cost has dropped, the amount burned is reduced, and the inflation rate is higher. In addition, the amount of ETH staked is increasing, and the daily production of ETH is also increasing, which is a double Unfavourable Information, and it is long-term. So the ETH ETF that does not support staking is not being bought.
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