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06/21 09:48

Ethereum is losing momentum in retail – is Bitcoin

Ethereum is losing momentum in retail – is Bitcoin benefiting from this?


Ethereum is struggling to hold the attention of retail investors, even as larger players increase their exposure to the second-largest cryptocurrency.

While whales and institutions quietly accumulate ETH, smaller traders seem to be giving up, scared by stagnant prices and recent losses.

The latest blockchain data shows that mid-sized wallets have parted with tens of thousands of tokens this month, while smaller holders have reduced their holdings to three-month lows. This is despite the formation of a “golden cross” on Ethereum’s chart, a signal that is usually interpreted as bullish.

The short-term losses are evident in Ethereum’s market-to-realized value ratio (MVRV) over the past 30 days, which has fallen into negative territory. This suggests that many of the recent buyers are now losing money, triggering panic selling just as whales are getting involved.

Meanwhile, ETN investment products attracted over $580 million in weekly inflows – the highest figure in four months – underscoring growing institutional confidence.

Nevertheless, Bitcoin appears to be the real winner. With the altcoin index falling to 20, capital is clearly shifting to BTC. Analysts attribute the shift to global uncertainty, with rising tensions in the Middle East leading to over $200 million in crypto liquidations, disproportionately affecting ETN.

Despite the short-term selling pressure, some consider this phase to be healthy: Capitulation could pave the way for stronger players. For now, however, Bitcoin is back in control.IMG-20250621-WA0039.jpg

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