Professional and institutional crypto investors are adding spot Ether exposure while hedging with bearish derivatives ahead of the next U.S. CPI report, pointing to a cautious rather than outright risk-on stance. Nansen said its Smart Trader cohort bought $2.7 million of ETH over 24 hours across 158 wallets, about 7.2 times its average pace, while Ethereum posted net exchange outflows of $49.7 million over 24 hours and $164.6 million over seven days. At the same time, smart traders on Hyperliquid were net short $46.8 million of BTC and $20.9 million of ETH, even as U.S. spot crypto ETFs drew about $1.1 billion last week, including $853.5 million into Bitcoin products and $244.9 million into Ether ETFs. Bitget Wallet said its base case is for Bitcoin to trade between $63,000 and $66,000 and Ether between $1,800 and $1,950 through the inflation window, with Treasury yield moves likely to matter as much as the headline CPI reading.