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Investors accumulate Ethereum at 7.2x normal pace ahead of US CPI report, while sophisticated traders remain net short BTC and ETH derivatives, per Nansen
Investors are accumulating Ethereum (ETH) ahead of Wednesday’s U.S. CPI report, with managed money reportedly buying ETH on spot markets at 7.2 times its normal pace, according to Nansen. Meanwhile, sophisticated traders remain net short Bitcoin (BTC) and Ethereum derivatives, signaling caution over inflation and potential rate hikes. Ethereum fell 0.9% to $1,862, and Bitcoin dropped 1% to $63,455.
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