$ETH
Ethereum overtakes Bitcoin: institutional bets are shifting
📊 CME data records a difference in sentiment between the two top assets:
🟠 Bitcoin
— January's rise to $110K was followed by a drop to $74K in spring and a new ATH of $124K.
— However, after a weekend correction of -10.5% (down to $110.6K), open interest has not recovered.
⚠️ The price is hitting peaks, but institutions are not increasing their activity in derivatives.
🟣 Ethereum
— In 2024, breakouts above $4K failed: growth occurred without OI support.
— Now the picture is different: OI on CME is rising in sync with the price of ETH, confirming an influx of fresh liquidity.
🫂 Retail
— Retail is still not in the game: futures charts show a lack of mass excitement.
— Historically, retail enters closer to local peaks, creating liquidity for large players to exit.
💡 Conclusion: ETH looks stronger than BTC in the institutional segment. With rising open interest and 'silence' from retail, the gap in favor of Ethereum may persist in the coming months.