Rising Bitcoin-to-Ethereum swaps amid increased risk appetite – what’s next?

A notable whale swapped 1,969 BTC, equivalent to 181.4 million USD, for 58.149 ETH, reflecting a growing preference for Ethereum.

While Ethereum’s demand is surging, the capital inflow into Bitcoin dropped dramatically. Ethereum’s market premium has been positive, suggesting a risk-taking sentiment among investors.

Despite accumulation efforts, the market remains bearish, with potential further losses looming if ETH fails to maintain key support levels.