Ethereum now flips Bitcoin for trade in Bedrijfschat, according to Crypto Analyst Miles Deutscher, who quoted data from Blockworks on Wednesday.
The researcher was of the opinion that Ethereum “still has a lot of catching up to do versus BTC and the much less saturated trade is.”
The graph shows a huge increase in the trading ether ski boxes, Bitmine Immersion Technologies (BMNR) and Sharplink Gaming (SBET).
The trade volume for Tom Lee’s Ether Treasury company has now reversed that of Michael Saylor’s Strategy (MSTR), according to the data.
The daily average volume in broken BMNR shares is almost 48 million, which is four times higher than the 12 million daily average for MSTR, according to To Google Finance.
This is a crazy graph.$ ETH flip now $ BTC For the trade volume of the Treasury Company.
TBH, looking at this image reminds me that ETH still catches a lot to do versus BTC and is the much less saturated trade. pic.twitter.com/SYAZ3LAKJY
– Miles Deutscher (@milesdeutscher) August 20, 2025
Ether treasury race to the top
Bitmine is now one of the most traded shares in the US, the company reported earlier this week. According to Fundstrat data, the share has traded an average daily dollar volume of $ 6.4 billion, in tenth place in the US, it added. Stock dealers have actively advertised it since Lee took over and started stacking ETH.
The shares have risen by more than 1,100% since the end of June when the Ether Treasury was announced.
$ Bmnr Has +100% benefit in the next 6 months
This stock had paid a lot of attention after Tom Lee had hoped on board. The company is a duplicate of $ mstrer But instead of putting together $ BTCIt holds stuck $ ETH $ ETH is the core of the blockchain and with the growth of … pic.twitter.com/otktthzsh8m
– Stocktraer_max (@stocktrader_max) August 20, 2025
Bitmine is the world’s largest ether treasury company and the world’s second largest crypto treasury company with 1.5 million ETH worth around $ 6.5 billion, according to To Ser. Moreover, the volume -flipping does not seem to be limited to stock trading.
Weekly spot trade volumes for ETH are a record high on Wednesday compared to BTC, observed on Wednesday ‘Crypto Gucci’. Ethereum exchanged the volume of bitcoin almost three times last week before they add: “The flipping is no longer theory, it takes place in real time.”
Weekly spot -Trade volumes for $ ETH Just make an all -time high vs $ BTC
Ethereum has traded almost 3 times the volume of Bitcoin last week
This is no longer the Bitcoin market
The liquidity, the momentum, the energy
It all goes to #ThereumThe flipping is not theory … pic.twitter.com/m3znpwqkdj
-Crypto-gucci.eth ᵍᵐ (@Cryptogucci) August 20, 2025
It was too reported This week the amount of ETH at centralized fairs has fallen to the lowest level in nine years.
ETH -Price Restores
Ether prices have begun to recover from this week’s withdrawal, with 2.8% on the day to reclaim the level of $ 4,300.
The actively fell on Wednesday to a biblical low of slightly less than $ 4,100, but the markets are starting to recover today.
More volatility can be for us, because all eyes are now focused on the speech of Federal Reserve chairman Jerome Powell in Jackson Hole on Friday.
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