Summary
- It was reported that analysis suggests market funds are moving from Bitcoin to Ethereum.
- It was stated that Ethereum's daily capital inflow is around $900 million, catching up with Bitcoin.
- This phenomenon appeared after BitMine declared its Ethereum holdings.
An analysis suggests that market funds are moving from Bitcoin (BTC) to Ethereum (ETH).
On the 27th (local time), cryptocurrency analyst Willy Woo stated on X (formerly Twitter), "Capital is moving from Bitcoin to Ethereum," adding that "Ethereum's daily capital inflow is around $900 million, catching up with Bitcoin."
He further noted, "This phenomenon began as BitMine declared its Ethereum holdings."
Meanwhile, BitMine holds 1,713,899 ETH.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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