TechFlow news, September 10: Matrixport released its daily analysis today indicating that companies holding Ethereum have recently performed flatly, with their net asset value (NAV) hovering around 1x, showing investors are no longer willing to pay a premium. Meanwhile, NAVs of companies holding Bitcoin have also dropped significantly. Ethereum trading volume has sharply declined from $122 billion to $41 billion, a 66% drop, yet futures open interest remains high, supporting ETH prices in the short term. Analyst Markus Thielen pointed out that as liquidity tightens and funding rates remain elevated, leveraged long positions may face pressure from forced liquidations. Markets are focusing on this week's U.S. inflation data and next week's Federal Reserve meeting, which could provide tailwinds for the crypto market.
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