Whales amassed $1.6B Bitcoin as retail traders exited, highlighting a contrast in market strategies.
Ethereum ETF inflows surpassed Bitcoin's, marking strong institutional interest and driving momentum in altcoin markets.
Altcoin market cap broke $800B resistance and eyes $1.4T by Q1 2025, supported by bullish patterns and ETF speculation.
DrProfitCrypto has shared insights on the developing shift in the crypto market. On-chain data shows that while retail traders have been panic-selling their holdings, whales have been actively accumulating Bitcoin, amassing $1.6 billion in recent weeks.
https://twitter.com/DrProfitCrypto/status/1863284729266532511
CryptoQuant data also highlights that retail investors remain largely sidelined, holding USDT instead of participating in the market. Concurrently, Ethereum's MVRV data reveals undervaluation with signs of rising momentum.
Notably, 245,000 ETH have entered ETFs this month, with Ethereum surpassing Bitcoin in ETF inflows for the first time. DrProfitCrypto emphasizes growing institutional interest in Ethereum, suggesting this trend could propel the altcoin market forward.
Ethereum and Bitcoin Diverge as Altcoin ETFs Loom
Recent moves suggest increasing institutional interest in Ethereum. Since November 5th, ETH longs have surged, supported by ETF inflows that exceeded Bitcoin’s inflows this month. This growing demand coincides with speculation of upcoming altcoin ETFs, including potential launches from BlackRock and JPMorgan focused on XRP. Ethereum's market activity signals an impending altcoin season, backed by institutional participation.
Meanwhile, Bitcoin's dominance over the broader crypto market highlights a notable disparity. With Bitcoin’s market cap significantly overshadowing the altcoin market, DrProfitCrypto describes the current ratio as historically extreme. This imbalance presents an opportunity for altcoin growth as the market adjusts to increasing demand, particularly in light of prospective altcoin-focused ETFs set for 2025.
Altcoin Market Eyes $1.4 Trillion Amid Bullish Indicators
DrProfitCrypto’s projects that the altcoin market cap could reach $1.4 trillion by Q1 2025, driven by bullish trends. Historical data reveals that altcoins have previously outperformed Bitcoin during similar market cycles. The altcoin market cap recently broke past a key resistance level at $800 billion, supported by long-term averages at $700 billion.
Ascending patterns suggest sustained accumulation and renewed investor interest, with $1 trillion as a crucial level. A projected 42.7% growth would align the market with historical recovery patterns, emphasizing altcoins’ potential in the coming quarters. Monitoring key support zones will remain critical as the market adapts to growing dynamics.
