#EthereumTurns10 Bitcoin and Ethereum wallet trends are showing a notable divergence. The number of wallets holding at least 1,000 Bitcoin has decreased by 1.61% over the past two weeks, while wallets containing at least 10,000 Ethereum have increased by 8.00%. This shift indicates differing investor behaviors and preferences between the two leading cryptocurrencies.
*Key Statistics:*
- *Bitcoin Wallets:* 1.61% decrease in wallets holding at least 1,000 BTC
- *Ethereum Wallets:* 8.00% increase in wallets holding at least 10,000 ETH
*Market Implications:*
- *Institutional Interest:* The divergence in wallet trends may be attributed to growing institutional interest in Ethereum, driven by its potential for staking rewards and layer-2 solutions.
- *Market Sentiment:* The recent record divergence in crypto ETP flows, with Bitcoin experiencing outflows of $1,403.3 million and Ethereum seeing inflows of $1,557.5 million, signals a potential shift in investor sentiment.
- *Price Movement:* Ethereum's price has jumped over 3% amid strong ETF inflows, while Bitcoin hovers near $120,000. Analysts predict potential upside targets for Ethereum, with some expecting a surge to $8,000-$10,000.#ETHCorporateReserves #ETH#BTC