A wallet linked to Justin Sun acquired 9,338 #Ether , worth over $30 million. A purchase that demonstrates greater confidence in the future performance of #Ethereum(ETH) . In contrast, the #Bitcoin whales, influenced in particular by the German government, continue to liquidate their positions, increasing downward pressure on the market. Likewise, #Etf Bitcoin faces massive outflows. In contrast, Ethereum appears to be gaining renewed confidence, potentially setting the stage for a rise in altcoins. According to Michaël van de Poppe, Ethereum's resilience could herald a new era for #altcoin . The well-known analyst points out that the ETH/BTC pair, which has recently shown signs of strength, could trigger a significant rally in altcoins after more than two and a half years of downtrend. Van de Poppe believes that as long as the ETH/BTC pair holds above the key 0.05 level, a reversal of the trend will be possible. This analysis is based on on-chain data revealing increased Ethereum accumulation by whales, in contrast to Bitcoin liquidations. This technical signal indicates that the price of the Ethereum cryptocurrency could rise exponentially against the US dollar, resulting in positive dynamics for the entire altcoin market.
Institutional interest in cryptocurrencies other than Bitcoin continues to grow, as evidenced by the upcoming launch of Solana's Exchange Traded Product (ETP) in Canada. This trend reflects a diversification of institutional investment portfolios, once largely dominated by Bitcoin, towards alternative cryptocurrencies with attractive growth prospects.
Even BTC's dominant position, measured in terms of relative market share, is ready for a major trend reversal; it could favor a rotation of investors' liquidity towards altcoins and therefore amplify their performance.towards altcoins and amplify their performance.