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

COINBASE:BTCUSD
COINBASE: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:
https://upload.cc/i1/2022/03/25/asY7dR.png

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

ETH Exchange Netflow:
https://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:
https://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 😀

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