📉 #bitcoin Stalls While Ethereum Soars
This weekend saw $ETH surge 10% to nearly $4,900 ATH, while $BTC struggled below $117K. Why the divergence? On-chain data points to 3 big factors:
1️⃣ Weak institutional demand
2️⃣ ETF rotation – BTC ETFs bled $1.2B in outflows, while ETH ETFs pulled in $337M in a single day.
3️⃣ $3B resistance wall – Heavy short positions at $117.8K capped BTC’s rally.
🔮 Outlook: BTC likely consolidates between $113.5K–$118K unless demand returns or shorts get squeezed.
