Bitcoin finally broke through the $96,000 barrier, ending nearly two months of fluctuation and finally making a breakthrough.
However, Ethereum's recent rally is noticeably lackluster. Although it also rose, the momentum is clearly weaker, and it is still repeatedly testing support around $3,400. The trading data makes this even clearer—BTC single-day block trades totaled $1.7 billion, accounting for over 40% of the total trading volume, with most of the money betting on Bitcoin's bullish outlook; in contrast, Ethereum's block trades only reached $130 million, highlighting a significant difference in market enthusiasm.
This rebound seems to be a solo performance by Bitcoin, with market bullish sentiment still concentrated on the leading coin. If Ethereum wants to perform better, it will need more capital to drive it.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin finally broke through the $96,000 barrier, ending nearly two months of fluctuation and finally making a breakthrough.
However, Ethereum's recent rally is noticeably lackluster. Although it also rose, the momentum is clearly weaker, and it is still repeatedly testing support around $3,400. The trading data makes this even clearer—BTC single-day block trades totaled $1.7 billion, accounting for over 40% of the total trading volume, with most of the money betting on Bitcoin's bullish outlook; in contrast, Ethereum's block trades only reached $130 million, highlighting a significant difference in market enthusiasm.
This rebound seems to be a solo performance by Bitcoin, with market bullish sentiment still concentrated on the leading coin. If Ethereum wants to perform better, it will need more capital to drive it.