BTC Capital Rotation or Fresh Fund Inflows: What’s Really Fueling ETH’s Rally?
The consensus in the crypto market is that the ongoing ether (ETH) rally, which has extended to other altcoins, is driven by capital rotation from bitcoin (BTC). However, on-chain data obtained by CryptoQuant has proven that the information is false.
According to a report by CQ’s analyst Carmelo Aleman, fresh inflow from investors is driving the ETH rally, not capital rotation from bitcoin. Market participants are not selling BTC to buy ETH – the Bitcoin Realized Capitalization serves as evidence for this claim.
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Crypto ETFs: Ether Domination Continues as Bitcoin Trails With Modest Gains
BTC Capital Rotation or Fresh Fund Inflows: What’s Really Fueling ETH’s Rally?
The consensus in the crypto market is that the ongoing ether (ETH) rally, which has extended to other altcoins, is driven by capital rotation from bitcoin (BTC). However, on-chain data obtained by CryptoQuant has proven that the information is false.
According to a report by CQ’s analyst Carmelo Aleman, fresh inflow from investors is driving the ETH rally, not capital rotation from bitcoin. Market participants are not selling BTC to buy ETH – the Bitcoin Realized Capitalization serves as evidence for this claim.
Read More