📊 Institutions are heavily allocating their portfolios to e

📊 Institutions are heavily allocating their portfolios to ether {{ETH}} and bitcoin {{BTC}}, while retail users are more bullish on bitcoin, according to a recent Bybit report. Key takeaways:- Institutions have increased their portfolio concentration in BTC and ETH to 80%, with a significant bet on ether due to the anticipated Dencun upgrade.
- Retail users have a lower concentration in these assets and a higher tilt towards altcoins.
- Ether has outperformed bitcoin with a 33% rally year-to-date, driven by factors like its deflationary supply, low levels of ETH held on exchanges, and increased staking activity.
- Institutions have significantly reduced their altcoin positions, focusing more on stable assets like layer-1 tokens and DeFi protocols.
- Despite Solana's {{SOL}} strong performance in Q3 2023, Bybit data suggests that neither institutions nor retail users are interested in hodling the token, with SOL now constituting only a single-digit percentage of institutional portfolios as of January 31.
What do you think about this shift in market sentiment? Share your thoughts in the comments below! 👇

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}📊 Institutions are heavily allocating their portfolios to ether {{ETH}} and bitcoin {{BTC}}, while retail users are more bullish on bitcoin, according to a recent Bybit report. Key takeaways:

📊 Institutions are heavily allocating their portfolios to ether {{ETH}} and bitcoin {{BTC}}, while retail users are more bullish on bitcoin, according to a recent Bybit report. Key takeaways: