11.8 The Windfall Returns to ETH

1. While BTC reached a new high, it also experienced the largest single-day short liquidation since the bull market began, which means BTC needs time to consolidate, giving ETH an opportunity.

2. ETH/BTC has started to strengthen, with funds flowing out of BTC into ETH for two consecutive days, which could indicate a trend change.

3. ETH's ETF has seen a net inflow of over 50 million U for two consecutive days, marking a recent high.

4. Several DeFi projects like ENA, AAVE, and MKR have surged in trading volume, whereas previously, most were dominated by MEME coins.

5. For the new government, aside from the strategic reserve value of BTC, only DeFi financial innovations can be presented, and the DeFi ecosystem of ETH is the most complete.