Recently, over-the-counter (OTC) trading and market makers find ETH more appealing than BTC:

1. Institutions and large holders prefer ETH

ETH is not just digital money; it can run various smart contracts, DeFi, RWA, and even NFT and AI projects.

Large holders buy ETH not just for price appreciation but also for staking to earn interest, which is much more cost-effective than simply holding BTC.

2. Higher trading activity

Market makers prefer coins with high liquidity; ETH's trading against USDT and USDC is more lively than BTC, making buying and selling more convenient.

This means that large buy orders are easier to digest, and prices are more easily pushed up.

3. Potential to outperform BTC

BTC is like digital gold; its price increase mainly relies on consensus and macro factors; whereas ETH can rely on ecosystem development and capital demand to support its price increase.

As long as the ETH ecosystem continues to develop, outperforming BTC in the short to even medium term is not a dream.