CoinVoice has recently learned that QCP issued an analysis stating, "The momentum of Bitcoin's rebound has weakened after the Jackson Hole meeting, with an early holder selling approximately 24,000 Bitcoins (about $2.7 billion) on Sunday during low liquidity, triggering around $500 million in forced liquidations."
Ethereum has reached a new high, with the Ethereum/Bitcoin ratio breaking 0.04; despite an outflow of ETF funds for six consecutive trading days (about $1.2 billion), Bitcoin's market dominance has declined to around 57%, while institutional investors continue to increase their holdings in Ethereum.
In the short term, Bitcoin seems to be yielding momentum to Ethereum, but our structural view on Bitcoin has not changed. Just as the market absorbed about 80,000 Bitcoins from traditional supply in July, we expect institutions to selectively buy during pullbacks." [Original link]
