The last 24 hours of data are completely different from Saturday, now seeing high net worth investors increasing their#BTCholdings, while smaller investors are beginning to reduce their holdings. From the data I have seen, US$51,500 seems to be a watershed. Above this price, small-scale investors will begin to increase their holdings, and below this price, small-scale investors will begin to increase their holdings.
100X community opinion: Whether BTC can pass the#ETFor not, it will accelerate the explosion of the BTC ecosystem again. ETH’s #ETFpasses expectations, causing the ETH ecosystem to rise to the end of this calf cycle.
After the BTC spot ETF is expected to end on January 10th of this month, the remaining thing that can continue to drive sentiment is the ETH spot ETF. The current ETH/BTC rate is 0.0528, which means that more funds are entering BTC, then When the BTC ETF is launched, the first thing investors realize is that the probability of ETH spot ETF passing will be very high.
Especially for Bloomberg and Reuters, which currently have control over ETF traffic, the probability of continuing to speculate on ETH will be greater, and more funds will enter ETH. Even investors who "short" BTC will not I missed the last "policy" benefit, so my personal opinion is that it should be a good strategy to do the exchange rate between ETH and BTC, or buy ETH.
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