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![CryptoStreamHub Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1438059058683125762.png) Crypto Stream [@CryptoStreamHub](/creator/twitter/CryptoStreamHub) on x 73.6K followers
Created: 2025-07-18 07:39:59 UTC

Market View - Still max bullish on $ETH

I was a bit surprised by the Ethereum price action yesterday. It went sideways/slightly down, despite the market's maximum bullishness.

w/ 600m ETF inflows being the 2nd best day ever (slightly behind yday's 700m+) and 20x! larger than the average day.

So, how and why did we not go up XX% yesterday?

I still have no satisfying answer - the only one I have is "profit taking".

Guess it's not enough to think about the demand side, but the supply side is equally important. The issue is I don't know how to estimate sell pressure.

Eitherway, max bullishness continues.

Yesterday, $SBET increased its ATM limit to $6b, which is massive.

Mind that they still have a limit on the shares they can sell, so in theory, they won't be able to tap into any significant money until the end of next week.

However, in practice, there is a decent chance that they will:

1) Use the forward sales agreements
2) Loan against those to access liquidity

This is a bit of speculation, but very possible.

![](https://pbs.twimg.com/media/GwH7L8TaUAEC8ak.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946112698707775627/c:line.svg)

**Related Topics**
[fund manager](/topic/fund-manager)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

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