Last Friday, the net inflow of the U.S. spot Ethereum ETF was $3.329 billion, marking the first time a single-day net inflow exceeded that of the spot Bitcoin ETF. As everyone knows, this bull market is different from the previous one; the performance of ETH has lagged far behind BTC. This is because most of the MEME coins in this bull market originate from the SOL chain, coupled with Vitalik's inaction and the Ethereum Foundation's continued selling, as well as the high fees on the ETH chain that have deterred 90% of the enthusiastic primary market players. Therefore, the heat of the ETH chain in this bull market is not very high. This is also a major reason why the price of Ethereum has not been able to stabilize above $4,000.
Although ETH has launched a spot ETF, the inflow amount over the past few months has been very disappointing. Coupled with large holders continuously selling ETH, it has kept Ethereum in a consolidation 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's market capitalization jumping into the top three, Ethereum cannot just sit idly by. Otherwise, traffic and funds will increasingly disperse from Ethereum, and if this bull market lacks hotspots, the next bull market will be even more challenging. Therefore, what I look forward to next is Ethereum leading the mainstream market and driving altcoins to rally.
In this bull market, most of the upward momentum has come from higher market cap coins, while lower market cap coins have not sustained breakthroughs to new highs in this bull market. This is also related to retail investors in the market. In this bull market, most friends who entered midway have their positions heavily bet on altcoins, with very few people heavily investing in BTC, ETH, or XRP, which are consistently in the top ten by market cap. Therefore, before the whales pump altcoins, they will definitely use soaring coins to attract investors' attention. With a minimal amount of funds, they can drive down an altcoin, causing retail investors to sell at a loss and switch to chasing the soaring coins. This is how they can acquire cheap chips.
Since November 5, when Trump won the U.S. election, the market capitalization of the crypto market has increased by approximately $1.2 trillion. Bitcoin ETF and Ethereum ETF also set a record for single-month inflows in November. This indicates that the speculative appetite for the cryptocurrency market is expanding. More unexpected events are expected to occur in the market after Trump takes office in January next year.
Many altcoins are still near the bottom of the entire bull market cycle. Currently, it is still not time to sell, but rather it is the last call before the peak bull market. Current holders do not decide to swap positions because everything will rise afterward; it is just a matter of more or less. How much one earns or loses depends entirely on luck.
That's all for today, feel free to leave comments in the comment section~
