Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?
Bitcoin rose 6.2% and Ethereum increased by 9.6% over the past week, but momentum has stalled at the start of the new week. Bitcoin trades above $107,000 after a 0.6% dip, while Ethereum remains flat. Ethereum inflows to Binance have continued for five days, indicating potential sell pressure or repositioning by major players. Bitcoin's short-term holder Net Position Realized Cap increased from negative $49 billion to over $5 billion, suggesting increased retail investor activity. Long-term holders of Ethereum have been accumulating during price consolidation, indicating confidence in the asset's future. External factors, such as a proposed Senate bill for tax cuts by former President Trump, could increase consumer liquidity and impact investor appetite. However, concerns about potential federal deficit expansion and economic instability have been raised, which could affect monetary policy and investor behavior in crypto markets.
