This might surprise you...
Bitcoin is trading at 78,718. Ether is at 2,495. A new ATH changes the market in three measurable ways.
First, on-chain supply dynamics. Realized cap and active addresses show that long-term holders move less as price breaks prior highs. That reduces sell-side pressure. Exchange inflows stay flat or drop. That is a supply squeeze.
Second, derivatives positioning. Perpetual funding rates often turn positive but not extreme at the start of a breakout. Open interest rises with price. That points to institutional entry rather than retail leverage alone.
Third, capital rotation. ETH at 2,495 is far below its own ATH. When BTC leads, capital first moves into large caps. The ETH/BTC ratio
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Bitcoin is trading at 78,718. Ether is at 2,495. A new ATH changes the market in three measurable ways.
First, on-chain supply dynamics. Realized cap and active addresses show that long-term holders move less as price breaks prior highs. That reduces sell-side pressure. Exchange inflows stay flat or drop. That is a supply squeeze.
Second, derivatives positioning. Perpetual funding rates often turn positive but not extreme at the start of a breakout. Open interest rises with price. That points to institutional entry rather than retail leverage alone.
Third, capital rotation. ETH at 2,495 is far below its own ATH. When BTC leads, capital first moves into large caps. The ETH/BTC ratio
Share your experience
#News #MarketUpdate #Blockchain #CryptoTrading #DeFi
📱 Follow @PoorCryptoMan