Devasa ETH'nin Borsalara Taşınmasıyla %6 Ethereum Tankları, Bir Satış Geliyor mu?

After a relief rally earlier this week, the border crypto market loses steam once again. The world’s second-largest cryptocurrency Ethereum (ETH) has tanked 6% today moving close to $1800 levels.

This shows that bears are still holding the grip and the early week’s momentum was nothing but a ayı piyasası ralli. The sell-off in Ethereum and the broader crypto could intensify further looking at a large number of ETH moving to exchanges. As on-chain data provider Santiment reports:

$2.21B worth of #Ethereum Ağustos 2020'ye kadar uzanan uzun vadeli kripto paraların borsalardan çıkışının ardından geçen hafta borsalara geri döndü. Bu, borsalardaki en sürekli yükseliş. $ ETH Mayıs 2021'den bu yana borsalara geri taşınıyor.

After a strong performance last year, Ethereum (ETH) has entered a massive correction along with the broader crypto market. The ETH price is already trading 50% down since the beginning of the year. Furthermore, ETH has been also losing its crypto market dominance from over 20% last year to now under 18%.

Institutional Investors Ditch Ethereum for Other Altcoins

The rapor from CoinShares earlier this week shows that Ethereum has been losing the confidence of institutional investors. After a heavy market crash last week, institutional investors did some bottom fishing, however, they decided to increase allocation to other altcoins at the expense of Ethereum. The CoinShares report states:

“The recent collapse of stable coin UST has seen investors favoring Bitcoin where 39% of respondents now say it has the most compelling growth outlook. Investors have increased weighting on digital assets from 0.5% to 1% as they look to add to positions during the price weakness. The survey highlights increasing allocation to DOT, ADA and XRP at the expense of Ethereum”.

While the price erosion of ETH continues, developers have been gearing for implementing The Merge upgrade to the Ropsten testnet next week.

Bhushan bir FinTech meraklısıdır ve finansal piyasaları anlama konusunda iyi bir yeteneğe sahiptir. Ekonomi ve finansa olan ilgisi, dikkatini yeni gelişen Blockchain Teknolojisi ve Cryptocurrency pazarlarına çekiyor. Sürekli bir öğrenme sürecindedir ve edindiği bilgileri paylaşarak kendini motive eder. Boş zamanlarında gerilim kurgu romanlarını okur ve bazen mutfak becerilerini keşfeder.

Sunulan içerik yazarın kişisel görüşünü içerebilir ve piyasa koşullarına tabidir. Kripto para birimlerine yatırım yapmadan önce pazar araştırmanızı yapın. Yazar veya yayın, kişisel mali kaybınızdan sorumlu değildir.