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basil
@itsbasil
is eth etf trade binary? does eth crash if its rejected? do we retest local bottoms or go even lower? if its accepted, does it follow the btc playbook? ie. up, up, up, new record, one week later, “it’s not enough” and market tops out? is there more institutional interest for btc than eth or less?
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Omishon 💜ᖽ 🎩
@omishon
My personal feeling is the current demand is mostly crypto native companies and retail and that we get a "sell the news" reaction and we chop until more retail comes onboard. The institutions are going to take a while to digest ETH and all of its implications before jumping in
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basil
@itsbasil
yeah, i think this run is all side lined crypto native buyers that were waiting for directional clarity. they were gonna buy anyway, was just a matter of when
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