At the same time, however, the US government’s account in Feda will soon “dry up”, which means that its balance will have to be raised, which will increase the balance of the fed, which should give a similar effect as in the case of quantitative loosening, which will be very good for Altcoins. And it is possible that the biggest ones are playing for such a scenario.
Ethereum recently recorded an unprecedented increase in short positions, with levels by more than 500% higher than in November last year, which indicates a strong bear’s sentiment among Hedging Funds from Wall Street. This increase may be caused by the sensitivity of the ETH price on regulation messages and the shift of investors’ interest in the direction of cryptocurrencies such as Bitcoin or Solana.
The decrease in the Ethereum trading volume can be attributed to the market correction after a significant decrease in price and reducing leveled items due to significant outflows from the exchanges of derivative instruments. This scenario presents the image of cautious behavior of investors, potentially waiting for more precise market signals.
Bitcoin significantly exceeded ETH, strengthening its price and dominance on the market due to positive inflows to ETF funds. The discrepancy in ETF results deepened the gap even more, and Bitcoin became a safer investment option on the cryptocurrency market, which led to the ETH rating at the lowest levels in relation to BTC for many years.
