THE BIG PICTURE: A massive divergence is playing out between the top two crypto assets.
Data from Santiment reveals a stark contrast:
• 1.4M $ETH withdrawn since June
• $BTC exchange supply rises slightly
• US ETFs see 9 days of inflows
If this trend continues, analysts predict $ETH could eventually target the $20,000 mark.
Supply shock incoming? Exchange outflows = less sell pressure. Meanwhile $BTC sitting on exchanges while ETFs absorb demand. This divergence matters.
Data from Santiment reveals a stark contrast:
• 1.4M $ETH withdrawn since June
• $BTC exchange supply rises slightly
• US ETFs see 9 days of inflows
If this trend continues, analysts predict $ETH could eventually target the $20,000 mark.
Supply shock incoming? Exchange outflows = less sell pressure. Meanwhile $BTC sitting on exchanges while ETFs absorb demand. This divergence matters.