Bitcoin stabilized at 114,610 USD after a dip, whereas ether surged by 5.8% to 4,370.73 USD, signaling selective trading patterns.
Gracie Lin from OKX expressed concerns about increasing selectivity in crypto capital, particularly towards ether, as overall demand for Bitcoin plummets.
Recent reports indicate a significant decline in Bitcoin demand, with realized profits reaching 74 billion USD since July, signifying a transition to a ‘bullish cooldown’ phase.
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