ETH is currently witnessing a significant OI decline, with 10 billion USD wiped out recently. The price fell below 3,600 USD, raising concerns about further declines, yet a slight recovery suggests that bullish sentiment persists.
Institutional outflows from ETFs indicate a major shift for Ethereum, as BlackRock and other entities continue purchasing. However, decreasing whale addresses imply possible changes in investment strategies due to market volatility.
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