The crypto market is showing cautious movement as investors gear up for signals from the Federal Reserve’s Jackson Hole symposium.
Against this backdrop, Ethereum is seeing continued outflows tightening its market supply, which contrasts with Bitcoin’s unchanged reserves and ongoing sell-side liquidity.
Diverging Flows Between Bitcoin and Ethereum
There has been a growing divergence between Bitcoin and Ethereum. According to CryptoQuant, this indicates different market trajectories for the two leading cryptocurrencies. Bitcoin’s exchange reserves remain largely unchanged at around 2.53 million BTC, despite recent price swings.
Typically, falling reserves indicate that coins are being moved off exchanges into long-term storage, which eases selling pressure. The current stability in BTC reserves implies that a significant portion of supply remains liquid and available for sale. This, combined with Bitcoin’s pullback from $123,000 to near $113,000, points to potential short-term c
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