ETH accumulation builds ahead of U.S. CPI as institutional spot buying jumps 7.2x

Institutional investors and other professional traders are accumulating ETH ahead of the U.S. consumer price index release today, with spot buying running at 7.2 times the usual pace, according to a Nansen analysis. At the same time, professional traders remain net short in BTC and ETH derivatives as they stay cautious about inflation and the possibility of interest-rate hikes.