Ethereum News Today: "Ethereum's Triple Bottom Stands Strong Despite Outflows While Bitcoin Awaits $31B Expiry-Induced Volatility"
- Danish economist Henrik Zeberg warns of a crypto market crash, predicting Ethereum will outperform Bitcoin in a "blow-off top" phase before a downturn. - Bitcoin ETFs saw $20M inflows while Ethereum ETFs lost $127M, highlighting diverging investor sentiment amid volatile October trading. - Ethereum's "triple bottom" pattern and $9B in derivatives activity suggest potential for a rebound despite ETF outflows and price declines. - Bitcoin faces $31B in options expirations by Halloween, with analysts warnin
Bloomberg-inspired report on the cryptocurrency sector and expert outlooks:
Danish macroeconomist Henrik Zeberg has ramped up his warnings about a looming market downturn, forecasting that
Recent ETF activity reveals contrasting patterns for the top two cryptocurrencies. On October 23, Bitcoin ETFs attracted $20.33 million in new investments, with BlackRock’s IBIT leading at $107.78 million, while Ethereum ETFs experienced $127.51 million in withdrawals. This comes after a $477 million inflow into Bitcoin ETFs on October 21, highlighting shifting investor sentiment, as reported by
Ethereum’s recent price movements have sparked differing opinions. The asset formed a "triple bottom" near $3,750–$3,800, signaling robust support, CryptoNews reported. Institutional interest in Ethereum derivatives reached unprecedented levels, with $9 billion in options open interest and 48,600 futures contracts on CME, according to a
Bitcoin is also facing hurdles as Halloween approaches, with $31 billion in options contracts set to expire—almost twice last month’s record. Deribit alone has $14 billion in contracts expiring, including $2 billion in put options betting on Bitcoin dropping to $100,000, a
Zooming out, institutional appetite for Ethereum continues to grow. Approval of a spot-ETH ETF could draw substantial inflows, with the value of tokenized real-world assets on Ethereum projected to rise from $8.6 billion to $25 billion by early 2025, a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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