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According to Odaily, as the market declines, an early Ethereum OG address has once again started buying the dip. On-chain data shows that this address has accumulated 3,942 ETH, worth approximately $8.08 million, with an average purchase price of about $2,049. It is likely that this address may continue to increase its holdings in the future. Data shows that ten years ago, this address acquired 12,001 ETH from ShapeShift at an average price of around $7.58. Subsequently, just over a year ago, it sold all its ETH at an average price of about $2,856, receiving 34.3 million USD Coin and making a total profit of approximately $34.2 million—a return on investment of 376 times.

BlockBeats news, on May 23, US ETF fund inflows reached historic levels, attracting over 852 billion dollars in net inflows so far this year, marking the highest annual record ever. The current inflow rate is 33% higher than in 2025, and is expected to achieve its third consecutive year of growth. The average net inflow per trading day is 8.5 billion dollars, compared to only 2.2 billion dollars in 2023. At this pace, US ETF inflows are set to surpass 1 trillion dollars in the next 18 trading days. Investor demand for ETFs has never been so strong.

According to Odaily, analysis suggests that the rising yields on US Treasury bonds and major global economy bonds are weakening the market's willingness to allocate to high-risk, non-interest-bearing assets such as Bitcoin. At the same time, due to the situation in Iran, concerns about potential supply risks in the Strait of Hormuz are growing, and some speculative funds are flowing into the commodity markets for crude oil, copper, and sulfur. Market data shows that Bitcoin has fallen more than 3% in the past 24 hours, retreating about 10% from its stage high of approximately $82,500 on May 6. Amid the market downturn, US spot Bitcoin ETFs have continued to see outflows. US-listed spot Bitcoin ETFs had a net outflow of about $1.26 billion this week, marking the largest single-week capital outflow since January this year. The previous week also saw nearly $1 billion in outflows, with the two-week cumulative net outflow exceeding $2.26 billion. In addition, there are views in the market that funds may shift to potential SpaceX IPO-related trades. Currently, the trading volume of some blockchain-based SpaceX IPO pre-market derivatives has reached several million dollars. (CoinDesk)