A $180 Million Capital Shift! Giants Favor Ethereum, a Key Turning Point for ETH May Be Approaching!
In the quietly changing cryptocurrency market, a storm of capital allocation is unfolding. The actions of traditional financial giants BlackRock and Fidelity may be heralding the dawn of a new era, with all focus converging on Ethereum.
The astonishing secret of capital flows: Bitcoin loses favor, Ethereum gains favor
Latest market data shows that on June 2, a critical juncture, BlackRock and Fidelity collectively sold off Bitcoin worth up to $180 million. However, this capital did not exit the cryptocurrency market; rather, it swiftly and precisely flowed into the Ethereum sector. On the same day, approximately 30,000 ETH were quietly acquired by these giants, valued at nearly $78 million based on market prices at the time.