The ETH/BTC ratio plunges to 0.01791, marking a five-year low due to aggressive selling from major institutions. Galaxy Digital sold approximately 100 million USD in ETH, with additional sell-offs by the Ethereum Foundation.
Despite Ethereum’s long-term potential, current whale sell-offs and low staking rates are eroding investor confidence. With Bitcoin approaching significant heights, market sentiment is increasingly favoring Bitcoin over ETH.
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