Odaily Planet Daily News: Cryptocurrency data analyst CyrilXBT posted on the X platform that Grayscale’s BTC holdings have been decreasing continuously after the ETF approval due to outflows from GBTC. Investors are taking profits or rebalancing, causing BTC prices to fluctuate under supply pressure. In contrast, Grayscale’s ETH holdings have been more stable in recent weeks, with selling pressure significantly lower than BTC. This indicates that the market has stronger confidence in holding ETH, possibly driven by expectations of ETH ETFs, staking yields, and lower urgency to sell. Currently, BTC is in a distribution and rotation phase, while ETH is in a patience and positioning phase. During the BTC absorption of selling pressure, Grayscale is viewing ETH as the next asymmetric opportunity.
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Opinion: Grayscale's ETH holdings perform more stably than BTC, with significantly lower selling pressure.
Odaily Planet Daily News: Cryptocurrency data analyst CyrilXBT posted on the X platform that Grayscale’s BTC holdings have been decreasing continuously after the ETF approval due to outflows from GBTC. Investors are taking profits or rebalancing, causing BTC prices to fluctuate under supply pressure. In contrast, Grayscale’s ETH holdings have been more stable in recent weeks, with selling pressure significantly lower than BTC. This indicates that the market has stronger confidence in holding ETH, possibly driven by expectations of ETH ETFs, staking yields, and lower urgency to sell. Currently, BTC is in a distribution and rotation phase, while ETH is in a patience and positioning phase. During the BTC absorption of selling pressure, Grayscale is viewing ETH as the next asymmetric opportunity.