Last Friday, the net inflow of the US spot Ethereum ETF was $3.329 billion, marking the first time in history that the single-day net inflow exceeded that of the spot Bitcoin ETF. As we all know, this bull market, so far, is different from the previous one; the performance of ETH in this bull market is far weaker than that of BTC. This is because most of the MEME coins in this bull market come from the SOL chain. Due to Vitalik's inaction, the Ethereum Foundation's continuous selling, and the high transaction fees on the ETH chain, 90% of players enthusiastic about the primary market have been deterred. Therefore, the heat of the ETH chain in this bull market is not very high. This is also the main reason why the price of Ethereum has been unable to stabilize above $4,000.
Although $ETH launched the spot ETF, the inflow amount in the previous months was not ideal. Coupled with large holders continuously selling Ethereum, it led to Ethereum being in a washout phase for more than half of the bull market. However, the inflow of funds into Ethereum is increasing, and with the recent surge of XRP, its market value has jumped into the top three, which means Ethereum cannot sit idly by. Otherwise, traffic and funds will increasingly disperse away from Ethereum. If this round of the bull market lacks hot topics, the next round will be even more difficult. Therefore, what I hope for next is for Ethereum to lead the mainstream market and drive altcoins to frenzy.
In this round of the bull market, most of the driving force comes from cryptocurrencies with higher market capitalization, while those with lower market capitalization have not consistently broken the new highs of this bull market. This is also related to the retail investors in the market. In this round of the bull market, most friends who entered midway have bet their positions on altcoins, and very few have heavily invested in BTC, ETH, or XRP, which have consistently been in the top ten by market cap. Therefore, before the main pump of the altcoins, they will definitely use skyrocketing coins to attract investors' attention. With a small amount of capital, they can make an altcoin fall, causing retail investors to cut losses and turn to the soaring coins. This way, they can acquire cheap chips.
Since Trump won the US election on November 5, the market value of the cryptocurrency market has increased by about $1.2 trillion. Bitcoin ETF and Ethereum ETF also set a record for single-month inflows in November. This indicates that people's speculative desire for the cryptocurrency market is expanding. By January next year, when Trump takes office, there will be more unexpected events in the market.
Many altcoins are still near the bottom of the entire bull market cycle. Moreover, it is not yet time to sell, but rather it is the last train before the peak bull market. Current positions are not determined to be swapped because everything will rise later, just varying in amount. Whether one earns more or less completely depends on luck.
That's all for today, feel free to leave a message in the comments!
