📊 $ETH #Glassnode report:

▪️ ETH investors recorded a multi-year high in net realized gains, suggesting there is some willingness to sell speculation about a potential ETH ETF equity rotation;

▪️ ETH is also seeing increased activity in the derivatives market, which signals a possible change in capital flows;

▪️ Compared to ETH, altcoins simply couldn’t stand the competition in recent weeks;

▪️ The $SOL /BTC ratio has increased by 290% since October 2023 and has significantly outperformed ETH during this period.