Ethereum is gaining momentum with the prospects of reaching $5,000 increasing to 26% on Polymarket, attributed to institutional accumulation and shifts in BTC-ETH flows. While Ethereum has outperformed Bitcoin with a 20% gain in 30 days, Bitcoin shows signs of fading strength, linked to $940 million in liquidations. Market participants note a structural reallocation of liquidity within the crypto landscape, further reinforced by institutional confidence in Ethereum's fundamentals. This includes a significant increase in flows and a stable regulatory environment. Notably, Ethereum's trading volume indicates greater liquidity over Bitcoin despite its smaller market cap. Additionally, macroeconomic data upcoming this week may test the current bullish sentiment. In broader market movements, Bitcoin trades around $111,733.63 while gold remains a strong safe-haven asset amid economic uncertainties.

Source 🔗