$ETH buying continues, $BTC is sideways, and altcoins are coming back to life a bit at a time.
Sharplink Gaming bought another 77,206 ETH ($300M) over the weekend! And as a result her current balance is 438,017 ETH.
Last week, spot Ethereum ETFs saw net inflows of $1.85B. BTC ETFs also saw inflows during the same period, but the result was much smaller, only $72M.
ETH is now showing a much stronger market position and the demand for it is no less than for BTC. The classic strategy of working with BTC cycles stopped working because the whales used to fix profits by selling bitcoin to retail investors. But now the old whales are transferring assets to corporations and institutional investors.
There is generally some truth here, however, I think few of you are interested in BTC as an investment vehicle and most of you are looking towards altcoins. BTC may be stuck in a sideways position for quite some time, but the decline in dominance and liquidity spillover to altcoins will be their growth drivers and the coins will perform well regardless of the main cryptocurrency. This is what you need and what you are waiting for, and BTC has become more of a tool for large companies, but not for average traders.
