🚀🚀Is Bitcoin Crowding Out Ethereum? High Risk Could Mean High Return 🚀🚀
According to research by global investment firm QCP, Ethereum (ETH) is losing value against Bitcoin (BTC). After sharp declines at the beginning of the week, the Bitcoin price closed above $60,000 as new investments flooded into the market.
“While Bitcoin is increasingly integrated into mainstream macro capital markets, Ethereum appears to be increasingly crowding out,” QCP analysts said. The difference in growth rates between spot Bitcoin ETFs and Ethereum ETFs supports this view.
“The fact that Bitcoin offers an attractive feature for investors as a digital asset, while Ethereum does not, reveals this difference,” the report said.
However, according to analysts, this situation may not be a completely negative development for Ethereum. Before ETH spot ETFs entered the market, the implied volatility difference between Bitcoin and Ethereum was around 5 percent, but today this rate has increased to 20 percent.
QCP said, “Ethereum, a more speculative and volatile asset, is prone to large price declines as well as rapid price increases.”
Positive Structural Signals in Bitcoin
Despite the declines experienced throughout the week, demand for $100,000 call options expiring in 2025 increased. This structural demand could contribute to Bitcoin experiencing a significant upward movement or remaining strong in the long term.
My dear friends, do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who still does not follow me, I would be happy if they did. Please do not forget to like my articles and posts. Thank you.
