Over the past 24 hours, ETH has seen a strong influx of liquidity, with multi-chain investors actively accumulating the asset.
The potential upside for ETH in the new week depends on institutional money pouring into the asset via spot ETFs.
Ethereum [ETH] is under pressure, down 2% over the past 24 hours, amid a broader crypto market weakness.
However, large liquidity flows still flowed into ETH, with over $274 million moved by whales in a short period of time.
This capital movement suggests ETH could be off to a strong start to the week. TinTucBitcoin analyzes what this capital movement means for the world's second-largest cryptocurrency.
What are sharks doing?
Bridged Netflow data shows Ethereum leading in cross-chain liquidity flows over the past 24 hours.
Investors spent $274 million to accumulate ETH, mostly from Layer 2 networks like Base and Arbitrum, which accounted for the majority of the purchase volume.
Source: Artemis
The supply of stablecoins on Ethereum also increased by $29.7 million during the same period — the second-largest increase in history.
The weekend Bridged Netflow surge shows investors are preparing ahead of the market open, anticipating institutional buying activity.
The increase in stablecoin deposits reflects vibrant user engagement, while also reinforcing bullish sentiment on the Ethereum network.
Source: Artemis
TinTucBitcoin assesses the impact of positive Monday openings from Ethereum spot ETFs on price movements, and considers the possibility of this scenario replaying.
ETH Under Pressure Against Bitcoin and S&P 500
The key question now: Does ETH still maintain its investment appeal compared to other channels?
Compared to Bitcoin and the S&P 500 index, ETH is clearly weaker, making many investors hesitant in the context of market volatility.
Source: Artemis
Year-to-date, ETH is down 35%, while Bitcoin is up 58.1% and the S&P 500 is up 10.4%.
Bitcoin and S&P outperform ETH significantly, which drives capital flows, especially as Bitcoin is increasingly seen as a sustainable store of value.
Source: https://tintucbitcoin.com/ethereum-sucking-von-khi-gia-giam/
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