📉 #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:
1⃣ Weak institutional demand – Coinbase Premium Index at 6-week lows shows U.S. whales aren’t buying.
2⃣ #ETF rotation – BTC ETFs bled $1.2B in outflows, while ETH ETFs pulled in $337M in a single day.
3⃣ $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. #BTC