In recent times, the latest data analysis on Grayscale ETHE (ETHEREUM TRUST) revealed significant changes in the quantity of ETH managed by it within a short period. Specifically, in the last 28 trading days, the total ETH managed by ETHE decreased by 31%. This dynamic was further evidenced yesterday, with a net daily outflow amounting to $5.35 million, indicating shifts in market demand and holding strategies for ETH. Assuming the current outflow rate continues, it is estimated that by November 20th, approximately 108 days later, ETHE will have flowed out 50% of its total holdings. The arrival of this point signifies that over half of the ETH will no longer be managed through ETHE, which could be a response from investors to their expectations regarding ETH's future trajectory or a choice of alternative investment opportunities. Notably, despite the substantial pressure of ETH outflows on Grayscale ETHE, the overall market performance did not exhibit significant signs of activity. Instead, trading volume levels remained low, suggesting a cautious attitude among investors towards the cryptocurrency market or a观望 mood towards specific asset classes. Overall, the dynamic relationship between the ETH outflow ratio of Grayscale ETHE and market activity reflects adjustments in investor strategies as well as subtle shifts in market sentiment, warranting close attention.