The ETH market may outperform BTC market in the short term

2022/3/25
The ETH market may outperform the BTC market in the short or medium term

BTCUSD
ETHUSD


Changes of BTC Exchange Reserve: -13,156 BTC during 3/13~3/25 (12 days).
Changes of ETH Exchange Reserve: -714,767 ETH during 3/13~3/25 (12 days).

BTC Exchange Reserve:
upload.cc/i1/2022/03/25/asY7dR.png

ETH Exchange Reserve:
upload.cc/i1/2022/03/25/cbmSwh.png

ETH Exchange Netflow:
upload.cc/i1/2022/03/25/XwQCe5.png


Top 69 BTC whales only net-buy 2,248 BTC during 3/13~3/25 (12 days).
However, 714767 ETH flow out of the exchange, and "604,032 ETH" inflow to ETH 2.0 staking contract during 3/13~3/25 (12 days) (Bull).

Total amounts of ETH 2.0 staking:
upload.cc/i1/2022/03/25/465iYe.png

That means Top 69 BTC whale's purchasing power is getting weaker, and ETH market may outperform the BTC market in the short or medium term.

Keep the eye on ETH market and enjoy the show.

PS: Welcome to follow my twitter (new) to get the latest analysis :D


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Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)