As visible from their daily chart performances, Bitcoin, Ethereum, and other top altcoins are not free from bearish pressures.
Bitcoin and Ethereum, despite being the most liquid, are still down double digits in the past trading week.
As bulls push higher, traders closely monitor how prices will react at immediate liquidation zones.
Institutions Choosing Ethereum Over Bitcoin?
Amid this, one analyst noticed that though the focus has been on Bitcoin, considering its role in crypto as the top coin and a base currency of most crypto pairs, there is movement in Ethereum.
Sharing spot ETF flows of the past three days, the analyst noted that there appears to be a rapid shift among institutions as they move money from the world’s most valuable coin into ETH.
The trend, shown by recent massive inflows into spot Ethereum ETFs amid the drying up of capital flows into the Bitcoin counterpart, has sparked optimism. Confidence is high that ETH may soak up the deluge of selling pre
We współpracy z: https://bitcoinist.com/institutions-dumping-bitcoin-for-ethereum/
