江卓尔：ETF持续卖出、Coinbase贴水加剧

Odaily reported that Jiang Zhuo'er posted on X platform, stating that ETFs continue to show selling pressure, with multiple institutional products simultaneously reducing their holdings; the Coinbase market price has experienced significant backwardation, dropping back to the range seen before the major adjustments at the end of January and late May; the funding rate remains positive while contract open interest stays high, indicating a concentration of leveraged positions.

Jiang Zhuo'er added: "All of this points to one thing: something big is coming."