After the spot ETF for $ETH was opened, funds continued to flow in, and institutions such as SharpLink are also actively building positions, but the price of $ETH has been unable to break through for a long time, and the trend is obviously weak. What is the reason?

According to data from @EmberCN, although spot $ETH ETFs continue to see net inflows of funds, in the past three weeks, a large address (suspected to be an institution) completed the redemption of 95,313 $ETH from staking, of which more than 68,000 (with a market value of approximately $165.00 million) have been transferred to multiple CEXs.