The Bull
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None of my posts are financial advice. Its my observation and opinion. Do your own research. Business: @thebullowner Exclusive Group: @TBE_SUPPORTER Tweets: x.com/thebull_crypto Channel link: https://t.me/+X0yIZqu2BQxlZTBl
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$ETH is consolidating before a next leg up!
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US spot Ethereum ETFs saw significant inflows of +286k ETH last week, one of the strongest weekly prints since launch. Despite ETH closing the week near $4.4k, institutional demand via ETFs remains firms.
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$BTC major bounce around $104,000 — $106,000
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The total market cap of stablecoins reached a new record of $280 billion
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$BTC - In my opinion
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$ETH is bouncing off support as expected ☺️
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Stablecoin rails also transform person-to-person (P2P) transactions, cross-border remittances included.
For a $200 transfer, banks charge the highest fees (~12.66%), while money-transfer operators (MTOs) charge ~5.35% and mobile carriers ~3.87%. By contrast, stablecoin platforms can dramatically undercut these rates.
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$ETH - In my opinion
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Spot Bitcoin and Ethereum ETFs did about $40b in volume this week, biggest week ever for them, thanks to Ether ETFs stepping up big. It's a massive number, equivalent to a Top 5 ETF or Top 10 stock's volume
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$AI breakout & retest confirmed 👍
Here we go!
Why is ETH rising but most altcoins are not?
After the shock in early December, when ETH was at 4k and BTC reached an all-time high, the altcoin market was heavily pushed down. At that time, we saw new projects listed on Binance and other top-tier exchanges with very high market caps (mostly above 300M), which was considered an inflated and unrealistic valuation for new projects. Therefore, the market naturally had to correct everything back to its reasonable inherent levels.
Now we are seeing new listings with more appropriate market caps, mostly under 50M — which is considered a “suitable” number for growth potential. However, there are still many overvalued projects. At present, ETH is approaching its 2021 peak, and traders are concerned about a correction at this level, so the capital has not really flowed into altcoins yet.
However, when ETH sets a new all-time high, I’m certain the entire market will explode, and we will likely see an altseason.
