The cryptocurrency market is undergoing a somewhat quiet yet strong transformation. Bitcoin (BTC), the cryptocurrency world’s supreme asset, is still entrenched in institutional portfolios. However, new insights indicate that Ethereum (ETH) is capturing an increasing share of liquidity previously BC. The ETH inflows have sharply increased as investors are diversifying, Glassnode on-chain data reports ETH inflows have increased sharply, while BTC inflows have slowed by 12% in the last quarter.
This kind of change has historically marked the beginning of new cycles. Altcoins often pick up the slack and grow the most when BTC is consolidating. Now that BTC is solidifying after ETF-fueled surges earlier this year, the general consensus seems to be that Ethereum would emerge as the largest beneficiary of the upcoming switch.
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