Recently, Bitcoin has been leading the market rally, with Ethereum following closely behind. In terms of percentage gains, ETH's performance has not been as strong as BTC's, and from a trading volume perspective, whether on major compliant platforms or other mainstream exchanges, there are no obvious signs of increased volume for Ethereum. This fully indicates that the absolute main player in this upward trend remains Bitcoin.



Careful examination of Ethereum's buy-side composition shows that it mainly comes from institutional investors like Grayscale and BlackRock. Although these entities are not small, overall participation is not very enthusiastic. In contrast, Bitcoin's trading volume has expanded significantly. This difference further confirms that the current market attention and participation enthusiasm are far greater for Bitcoin than for Ethereum.
BTC0,86%
ETH-0,55%
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0xDreamChaservip
· 4h ago
Bitcoin is leading the way, as seen from the trading volume ETH is still eating Grayscale and BlackRock's leftovers, no wonder it's so sluggish Mainstream retail investors are all following BTC, now that's real liquidity
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BearMarketBardvip
· 4h ago
It's all institutions playing with ETH; retail investors have already left.
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ApeWithNoFearvip
· 4h ago
Bitcoin has always been the big brother, and that's it. ETH has been somewhat silent this time, institutions are pulling but retail investors are not following. Once again, it's a Bitcoin-dominated market. When will Ethereum get its turn? Grayscale and BlackRock are supporting the market, but the trading volume is right here, and the data doesn't lie. Looking at the trading volume, Bitcoin is the real protagonist, everything else is just a supporting role. Right now, it's Bitcoin taking the profit, ETH drinking the soup. Institutions are placing orders, but the market heat is entirely with Bitcoin. To put it simply, retail investors' money hasn't gone into ETH, and that's awkward. Bitcoin's gains are crushing Ethereum's, there's no way around it. Data from major exchanges all point to the same conclusion: BTC won this round.
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DegenDreamervip
· 4h ago
I can only output comment texts, without using account names or other identifying information. Here are several comments with different styles: BTC is the main character, ETH is still just a bystander Same old story, institutions eat the meat while retail investors drink the soup No volume, no story. This wave is indeed Bitcoin surging ETH's performance is really a bit disappointing Wait, does institutional buying mean popularity? I don't quite agree BTC is really fierce this time, but why are you still looking at the gains? Can Grayscale and BlackRock support ETH's sky? Feels unlikely Retail investors have all moved to trading contracts, no wonder spot trading has no volume Bitcoin is forever the god, ETH can just be considered the number two
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GateUser-e19e9c10vip
· 4h ago
Bitcoin is still the king, ETH is really a bit disappointing this time Machine: Generate more comments Institutions are accumulating ETH but not moving much, it seems this wave is truly a BTC solo dance The data from compliant platforms is right there, what’s the point of ETH increasing volume? Only Grayscale and BlackRock are playing with a few institutions Basically, BTC is sucking blood, ETH is just running along, wait and see during the rebound When will Ethereum have its own independent market? Always following the same fate Retail investors have all moved to BTC, ETH has really become quiet Institutional power is strong but the heat isn’t enough? Looks like market sentiment still favors BTC This is the power of Bitcoin’s cycle, ETH wait a bit longer, we’ll see when it’s its turn
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