ETH single-day capital absorption 640 million crushes BTC! Institutional capital's hidden battle reveals new trends in the cryptocurrency space.
Yesterday, the crypto market completely exploded. The net inflow of the US Ethereum spot ETF reached 639.6 million USD in a single day, far outpacing the 230.8 million USD net inflow of the Bitcoin spot ETF. This is not simply a case of capital relocation, but rather a disruptive bet made by institutions on the future of the crypto market, as indicated by on-chain data revealing a shift in signals.
Ethereum's staking volume has surpassed historical highs, with the locked value in the Layer2 ecosystem skyrocketing by 30%. Institutional wallets' ETH holdings have surged for three consecutive weeks; in contrast, Bitcoin's ETF inflow has halved, and some whales have even begun cashing out.
Why have institutions suddenly shifted their affections to Ethereum? The answer lies in the technical and economic narratives.
After the Cancun upgrade, Layer2 transaction fees plummeted by 90%, with Optimism and Arbitrum experiencing daily active users exceeding one million, leading to explosive user growth. Staking yields have stabilized at 4%-5%, breaking away from Bitcoin's purely speculative model and building a dual logic of growth + yield.
The deflationary + destruction mechanism reconstructs value capture, allowing ETH to evolve from a digital asset into a continuously generating ecological engine.
What does this wave of capital absorption rewrite? Recent rumors of Bitcoin being redeemed by ETFs and miner sell-offs have weighed it down, making the short-term narrative somewhat weak. However, this does not mean Bitcoin is failing; rather, capital is betting on the next cycle's leader.
As ETH charges ahead with scalability, staking, and application ecosystems, Bitcoin resembles a stable anchor, while ETH serves as the power source. The crypto space is currently witnessing an institutional aesthetic revolution, shifting from mere risk aversion to a dual drive of growth + yield. The hidden risks behind the opportunities of ETH's capital explosion may be the ignition point for a new round of market trends, but risks are lurking.
If the Federal Reserve suddenly raises interest rates, risk assets may collectively plunge. If Ethereum's upgrades fall short of expectations, like the subsequent optimizations after Cancun, capital may quickly reverse course.
Want to know who institutions are going to frantically buy next?
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