Bitcoin Neutral, Ethereum reinforcement: Divergence in flow data, eyebrows Tokes Op

The cryptomarkt shows cautious movement while investors are preparing for signals from the Jackson Hole symposium of the Federal Reserve.

Against this background, Ethereum sees continuous outsourcing its market facility sharpening, which contrasts with Bitcoin’s unchanged reserves and continuous liquidity on the sales side.

Divious streams between Bitcoin and Ethereum

There has been a growing divergence between Bitcoin and Ethereum. According to Cryptuquant, this indicates Different market trajectories for the two leading cryptocurrencies. The exchange reserves of Bitcoin remain largely unchanged at around 2.53 million BTC, despite recent price fluctuations.

Most of the time falling reserves indicate that coins are moved from exchanges to long -term storage, which facilitates sales pressure. The current stability in BTC reserves implies that a considerable part of the stock remains liquid and is for sale. This, combined with Bitcoin’s pullback from $ 123,000 to almost $ 113,000, indicates potential short -term correction risks for the world’s largest cryptocurrency.

Ethereum, on the other hand, sees continuous net outflows of stock exchanges. At the end of July and mid -August, several spikes of more than 300,000 ETH were moving from trade fairs, which reflects that coins are transferred to cold storage, deployment or institutional detention.

These outflows reduce the available delivery on the open market and coincide with ETH trade in the range of $ 4,150- $ 4,400, and therefore support a bullish story driven by potential tightening of the offer.

Bitcoin’s stable exchange balance indicates caution and persistent liquidity on the sales side, while the falling reserves of Ethereum mean the growing long -term positioning and institutional interest. Market observers note that this behavior could stimulate capital rotation, with ETH showing a stronger bullish momentum in the short to medium term compared to BTC.

Investors can regard DIPs in BTC as potential access points, while ETH flows indicate potential for growth.

Adjust portfolios in the midst of diverging trends

In a rare portfolio pivot, a bitcoinwalfish that held the cryptocurrency for seven years has sold part of his stock to bet large on Ethereum. Lookonchain reported That the whale 670 BTC sold for $ 76 million on August 20 and converted the proceeds into four ETH positions of 68,130 coins. The original 14,837 BTC of the Whale, which were collected years ago via Binance and HTX, was worth more than $ 1.6 billion.

Most ETH positions were opened with 10x leverage around $ 4,300, while a smaller 2,449-ETH interest used 3x leverage. After the execution, the ETH price fell short to $ 4,080, which pushed three positions in the red and close to liquidation to $ 3,699, $ 3,700 and $ 3,732.