Ethereum

Greed

Bitcoin

Bitcoin is flexing its muscles, sitting comfortably above $60,000 after one hell of a week. Last Monday, BTC took a brutal hit, dropping to $49,000—a stomach-churning dip that had traders and investors on edge.&nbsp;
But in a remarkable recovery, Bitcoin quickly clawed its way back, barely breaking a sweat.&nbsp; In contrast, Ethereum, once touted as the next big thing, is starting to show cracks in its armor.&nbsp;
According to QCP Capital analysts, there’s been a noticeable change in the market. While Bitcoin continues to make waves, Ethereum is being sidelined.
<h3 id="b-ethereum-s-liquidity-problem-and-bitcoin-s-dominance-b">Ethereum’s liquidity problem and Bitcoin’s dominance</h3>
Ethereum’s liquidity is drying up. The big players in the market are losing interest, especially when it comes to spot ETFs. Bitcoin, on the other hand, is enjoying all the attention.&nbsp;
New investors are buying into the “digital gold” narrative that Bitcoin offers, while Ethereum is struggling to keep up. This became painfully clear on Monday when Ethereum’s price plummeted 22%, compared to BTC’s more modest 16% drop.
But of course this doesn’t mean Ethereum is dead in the water. Ethereum is a different beast—more volatile, more speculative. While Bitcoin is seen as a stable store of value, Ethereum’s volatility brings with it the potential for massive gains.&nbsp;
Before the recent ETF debacle, the difference in implied volatility between BTC and Ether was about 5%. Now, that gap has widened to nearly 20%, and it could get even bigger.
For those who like to play the markets, this opens up a strategy: sell Bitcoin volatility, buy Ethereum volatility.
Bitcoin’s bullish momentum is structural. Throughout the week, even with the wild price swings, there’s been a steady demand for options, especially those expiring in 2025.&nbsp;
Traders are eyeing strikes closer to $100,000, and this isn’t retail money talking—this is institutional cash.
<h3 id="b-current-market-sentiment-b">Current market sentiment</h3>
Bitcoin’s price has been hovering around $60,600, give or take a few bucks. It’s a slight dip of about 0.92% from the previous day.&nbsp;
The price has been bouncing between $59,797 and $61,217, which, for Bitcoin, is pretty much a lazy Sunday drive.
But the market sentiment? That’s a different story. The Crypto Fear and Greed Index is flashing FEAR, and it’s not hard to see why. The global cryptocurrency market cap took a slight hit, down by 0.98% to settle around $2.12 trillion.&nbsp;
On the futures market front, there’s a bit of a tug-of-war going on. Bitcoin’s futures open interest has ticked up by 1.8%, sitting at $28 billion. This means that while some traders are bearish, most are betting on the crypto diva’s future potential.&nbsp;
Amidst all the chaos, there’s a clear bullish undertone to Bitcoin’s current trajectory. After the leverage washout earlier in the week, it looks like BTC is back on track for a strong finish to the year. As for Ether, QCP <a href="https://t.me/QCPbroadcast/1292" rel="noopener noreferrer nofollow" target="_blank">said</a>:
<blockquote>
 “As a more speculative and more volatile asset, the propensity for exponential price gains comes along with the potential for larger drawdowns.”
</blockquote>
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Bitcoin’s structural bullishness grows as Ethereum loses ground

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