🚨 Big news in the crypto world! 🚨 Last week, Ethereum's weekly spot volume outshined Bitcoin for the first time in over a year! ETH raked in $25.7B while BTC lagged at $24.4B. 📈
As capital shifts to altcoins after BTC hit its ATH, ETH is riding the wave! 🌊 Plus, ETF inflows are giving it a serious boost—$332M added just on July 23rd alone! Meanwhile, BTC ETFs have seen net outflows for 3 days straight, with $85M leaving yesterday. 😬
In derivatives land, ETH open interest hit a whopping $57B ATH on July 22 and is hanging around $55B now. ⚖️ But hold up—$150M of ETH positions were liquidated in the last 24 hours! Yikes!
So while BTC has ETF struggles and is trailing ETH in spot volume, the altseason index (ASI) dipped from 62 to 48 recently. 🤔 Alts might not be gaining just yet, but don’t sleep on them when altseason hits!
Keep an eye on ASI with CryptoRank and don’t miss out! 👀💸 #CryptoNews #Ethereum #Bitcoin
