As the pace of ETF outflows from the United States gradually slows down, the cryptocurrency market seems to be brewing a rebound. Latest data shows that on August 5, the outflow of Ethereum was only a fraction of the previous day, plummeting from 130,000 coins to just a few thousand. This significant change has sparked speculation in the market about a potential rebound.

The massive outflow of funds undoubtedly put tremendous pressure on the market. On August 4 alone, the equivalent of billions of dollars in 130,000 Ethereum was sold off, and such a scale of selling pressure requires a significantly strong buying interest to absorb. In contrast, the outflow of a few thousand the next day had a much smaller impact on the market and was easier to absorb.

The sharp decline in outflow volume may indicate that selling pressure is easing, possibly signaling an improvement in market sentiment. However, investors should remain vigilant, as market trends are often difficult to predict, especially during such volatile times.

Nevertheless, this shift undoubtedly injects a shot of adrenaline into the market. If this trend can continue, we may see more investors re-entering the market, driving prices upward. At the same time, we must also be wary of potential pullbacks that could occur after a rapid increase in the short term.

Overall, this transition brings a glimmer of hope to the market, but investors still need to act cautiously, closely monitor market trends, and manage risks effectively.