#BTCWhalesMoveToETH Alphractal: Ether (ETH) and altcoins will trap Bitcoin

The behavior of short-term and long-term Ether holders will cause a decline in Bitcoin's dominance, according to Joao Wedson.

Ether is close to surpassing the $5,000 barrier per coin. Source: Grok.

Ether is close to surpassing the $5,000 barrier per coin. Source: Grok.

With short-term holders keeping their coins, ETH would experience a "significant increase."

The pattern indicated by Alphractal's data occurred several times in the past.

In the next three months, Bitcoin's (BTC) dominance could give way to that of Ether (ETH) and other altcoins (alternative coins to BTC), according to the analysis by Alphractal's founder and CEO, Joao Wedson, published on August 23.

Wedson's study is based on the following observation: short-term holders (STHs) are accumulating Ether, while long-term holders (LTHs) are getting rid of it.