CryptoQuant analyst Maartunn highlights a significant divergence between Bitcoin and Ethereum ETFs, with Bitcoin ETFs attracting substantial inflows while Ethereum ETFs experience outflows. The analyst advises caution towards Ethereum investments due to its declining price and lack of significant inflows. This situation raises questions about Ethereum’s future as an institutional asset class.
Cryptocurrency analyst Ki Young Ju highlights the growing dominance of the US in Bitcoin holdings, fueled by the surge in demand for spot exchange-traded funds (ETFs). This trend signifies a growing institutional adoption of Bitcoin, potentially leading to a situation where US ETFs hold more Bitcoin than even its creator, Satoshi Nakamoto, within a year.
Recent data from CryptoQuant indicates substantial Bitcoin transfers from dormant wallets, which could signal upcoming selling pressure. While altcoins currently exhibit a positive correlation with Bitcoin, historical data suggests that negative correlations often precede market downturns. These indicators point to potential market volatility in the near future, urging investors to remain vigilant.
