Analyst: ETH/BTC Rebounds 38%, Potentially Initiating a New Altcoin Season

Analyst: ETH/BTC Rebounds 38%, Potentially Initiating a New Altcoin Season

Chaincatcher

Chaincatcher2025/05/17 13:23

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CryptoQuant stated on social media that compared to Bitcoin, Ethereum may have already bottomed out. The ETH/BTC ratio has surged 38% from a five-year low. Demand is rising, selling pressure is decreasing, and ETFs are increasing their holdings. This could signal the start of altcoin season.

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Data: The total assets of the "1011 Flash Crash Short Insider Whale" have increased to $665 million, with an unrealized loss of $15.23 million on ETH holdings.

The $230 millions long whale has increased their position to $666 millions, currently facing an unrealized loss of $17.1 millions.

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