Recently, this wave of market movement has been a bit frustrating. ETH has indeed held steady at the $3200 level, looking quite stable, but the question is—is this stability real or is the main force just putting on a show? Upon closer inspection, there's something suspicious about the way funds pushed up this price level. I'm worried it might be a classic pump-and-dump scheme, attracting retail investors in, only to suddenly dump the price afterward. SHIB is even more heartbreaking. Not long ago, it was all the rage, and now many people are talking about the "zeroing trap." Basically, after the coin's price was pumped up, the whales withdrew their orders en masse, causing retail holders' chips to turn to paper in an instant. Looking at community sentiment, quite a few people are indeed caught in this trap. Such short-term behavior reversals happen very quickly, so we need to keep an eye on it. XRP looks even worse. With such a decline, the rebound is weak, a typical dead cat bounce. Given this trend, there's no need to analyze technicals anymore. Plus, XRP is more susceptible to policy news, so relying solely on charts can easily lead to pitfalls. The most eye-catching aspect is the overall market fund situation. Despite such a fierce rally, no new funds are entering the market. It’s like the soup has been ladled multiple times—there's always a bottom somewhere. Of course, black swan events can change the situation at any time, but at this pace, vigilance must be at its maximum. The risks are clear: ETH's support might not withstand the trap of chasing profits, SHIB's community sentiment can change suddenly, XRP faces significant policy risks, and the overall market funding pressure is still there. These are real hidden dangers, not alarmist talk.

XRP Spot ETF witnessed a notable $40.8 million net outflow on January 7th. This capital movement signals interesting dynamics in the institutional adoption picture for Ripple's native token. Such outflow patterns in spot ETFs often reflect profit-taking after recent rallies or tactical reallocation by large holders. It's worth monitoring whether this represents a temporary profit-taking phase or signals shifting sentiment among traditional finance participants who've been accumulating XRP through these vehicles. The ETF flows remain crucial metrics for gauging genuine institutional interest versus retail speculation. When combined with on-chain activity and trading volumes, they paint a clearer picture of where smart money is positioning itself in the ripple ecosystem.

XRP Spot ETF experienced divergence yesterday (January 7th, Eastern Time): the overall market saw a net outflow of $40.8 million, but the performance of different products varied significantly. 21Shares XRP ETF (TOXR) faced the heaviest pressure, with a single-day net outflow of $47.25 million. Although the total net outflow historically is only $8.18 million, recent selling pressure has clearly increased. In contrast, Bitwise XRP ETF performed relatively better, with a net inflow of $2.44 million yesterday, accumulating a total net inflow of $288 million, indicating that institutional investors continue to be actively allocated to this product. From a scale perspective, the total net asset value of XRP spot ETFs has reached $1.53 billion. The short-term net outflow may reflect some investors taking profits, but the continued inflow into Bitwise products also suggests that market sentiment remains bullish on XRP assets in the long term. The uneven hot and cold performance of these two mainstream products warrants attention to the specific future trends of institutional allocations.