Summary
- It was reported that Ethereum's selling pressure persists, with inflows to Binance continuing for five consecutive days.
- In the Bitcoin market, an aggressive buying trend led by retail investors is occurring.
- Political and geopolitical variables may impact investor sentiment, raising concerns about uncertainty in the market's direction.
While the selling pressure on Ethereum (ETH) continues, retail investors are actively buying Bitcoin (BTC). With political variables such as Donald Trump's tax cuts added to the mix, there is an analysis suggesting that uncertainty is increasing regarding the direction of the virtual asset market.
On the 30th (local time), Amr Taha, an analyst at CryptoQuant, stated, "Ethereum inflows into Binance have continued for five consecutive days," and "this signals temporary selling pressure."
In contrast, the Bitcoin market is experiencing active buying by retail investors. Analyst Taha explained, "The realized market capitalization of short-term Bitcoin holders (STH) surged from -$4.9 billion (USD) to over $5 billion," adding, "Aggressive buying centered on retail investors continues."
He noted, "Typically, the buying trend among short-term holders intensifies near the market's peak," and stated, "Because of 'FOMO,' retail investors flock to periods of rapid price increases."
He also added, "Political and geopolitical factors can significantly affect investor sentiment," and "it is possible that investors may shift toward bonds or safe-haven assets."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
