Investors are switching from Bitcoin to Ethereum.
QCP Capital notes the decline in the price of Bitcoin and Ethereum, but emphasizes that the major cryptocurrencies have remained above key support levels.
Main points:
Investors are shifting their focus to Ethereum, as evidenced by the high demand for call options #ETH .
Bitcoin call options are expected to become in demand closer to the end of December, possibly due to expectations related to the new White House administration.
In the short term, altcoins may dominate if institutional investors do not increase Bitcoin purchases.
$
