Ethereum ($ETH) surpasses Bitcoin ($BTC) in futures market trading volume for the first time since 2022.
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As investor interest in Ethereum (ETH) rapidly increases, significant changes have been detected in recent futures trading volume indicators. According to blockchain analysis firm glassnode, Ethereum's perpetual futures trading dominance has surpassed Bitcoin (BTC) for the first time since 2022. This symbolically demonstrates the redirection of speculative funds in the current market.
glassnode described this change as the "largest volume proportion bias on record" and interpreted it as investors' interest shifting across the altcoin market. Considering Bitcoin's overwhelming dominance in the futures market for some time, this data suggests that Ethereum is not only experiencing price increases but also strengthening its position as a core market player.
Over the past month, Ethereum's price has surged by over 50%, showing a particularly prominent upward trend among major altcoins. This is attributed to increased expectations of institutional acceptance as former President Trump reinforced a cryptocurrency-friendly approach during the US election period. Institutional and individual investors have begun pursuing potential opportunities beyond Bitcoin.
Meanwhile, stablecoin activity in the TRON (TRX) ecosystem is also increasing, demonstrating the influx of funds into altcoin-based blockchain infrastructure. This is seen as potentially more than just a phased asset rotation, possibly signaling the prelude to a market paradigm shift. Industry experts anticipate that these changes could become part of a long-term investment trend rather than a one-time phenomenon.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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