Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Cardano 
Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off.
💡 DMK Insight
With over $100 billion in Bitcoin shifting hands, traders need to pay attention to the implications for Ethereum and the broader crypto market. The massive outflows from spot ETFs suggest a significant shift in sentiment, potentially driven by long-term holders cashing out or traders reacting to market volatility. This could lead to increased selling pressure not just on Bitcoin but also on Ethereum, which is currently priced at $3,382.52. If ETH starts to break below key support levels, say around $3,200, we could see a cascade effect as stop-loss orders trigger further declines. On the flip side, if the market stabilizes and buyers step in, ETH could find support and bounce back, especially if it holds above $3,400. Traders should keep an eye on the correlation between Bitcoin and Ethereum, as shifts in Bitcoin’s price often lead to similar movements in ETH. Watch for any signs of reversal in Bitcoin’s price action, as that could signal a potential recovery for Ethereum as well.
📮 Takeaway
Monitor Ethereum’s support at $3,200; a break below could trigger further selling, while stability above $3,400 may signal a recovery.
