Shiba Inu Layer-2 network Shibarium has witnessed a 99.8% drop as daily transactions hit rare lows.

According to Shibariumscan data, daily transactions for Shibarium are at 9,590, a far cry from a figure of 4.8 million seen on Aug. 20, marking a 99.8% drop.

The drop corresponds with lackluster trading action in the crypto market seen in late August, with market players staying on the sidelines.

Despite the drop in daily transaction volume, Shibarium statistics stay steady. Shibarium marked its second anniversary, having launched in August 2023, with total transactions surpassing 1.5 billion and addresses surpassing 270 million; total blocks have surpassed 12 million.

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Total transaction count on Shibarium currently stands at 1,566,119,160. Total blocks now stand at 12,811,111, and total addresses are now at 271,936,819, according to Shibariumscan data at press time.

Shiba Inu news

This week, asset manager Valour announced an expansion of its Nordic product suite with the launch of eight new SEK-denominated ETPs, including Shiba Inu on Sweden’s Spotlight Stock Market.

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Recently, the Shiba Inu team has intensified warnings to the SHIB community as coordinated bad actors and networks of fake accounts continue to actively target vulnerable investors. SHIB holders are warned not to FOMO (fear of missing out) into random links. They should also never connect their wallets without verifying the source.

In a separate warning, the Shiba Inu team reiterated that there is no official LEASH token on Solana, nor is there any migration to Solana. They also stated that any version of token not found on the SHIB website is fake and not part of Shiba Inu ecosystem.

In this light, Shiba Inu community members are urged not to engage with such fake tokens, nor should they do so with unofficial accounts.

Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend. 

In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings.

According to the data, BlackRock has collectively moved over $366 million in Bitcoin and Ethereum from its exchange-traded funds to a wallet on Coinbase Prime. The move, which is uncommon for the investment giant, happened on August 20 as the crypto market bloodbath continues.

While BlackRock has yet to clear speculations regarding the major transaction today, a leading crypto fund was spotted moving 1,885 BTC worth about $111.66 million and 59,606 ETH worth $254.43 million to the leading crypto trading platform, Coinbase Prime.

Did BlackRock just sell?

The investment giant, which is renowned for consistently recording daily streaks of inflows, has broken the trend today with a massive amount of outflows recorded in both of its ETF products.

Although the nature of the major transaction was not clearly stated, such large-scale transfers to exchanges have often been interpreted as potential sell-offs.

As such, it appears that BlackRock may be taking profits amid recent market volatility, as the market has continued to record massive price declines led by Bitcoin and Ethereum.

Nonetheless, the transaction has fueled speculation among traders about whether this signals the start of a broader institutional offloading of crypto holdings, as BlackRock is renowned as a leader in crypto institutional engagements.

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While the major move was executed at a time when investors have seen their crypto bets suffer notable losses, market participants are watching closely to see whether this sell activity could trigger further downside pressure on BTC and ETH prices.

Oftentimes, large institutional transfers of this size have had noticeable short-term market impacts on the performance of the cryptocurrency involved; however, they can also be part of broader strategic redistribution of the portfolio rather than an attempt to exit the market.

Nonetheless, the prices of BTC and ETH have continued to decrease after the major transaction was noticed, sparking curiosity among investors if there was still hope for a broader market rebound.

An art thief used several aliases to acquire UCLA library cards that allowed him to check out and steal historic manuscripts from China.

If you fail to return a library book, there is a fine; however, if you return a fake book and the librarians never check, you may be able to skip the penalties and keep the book. Sadly, it did not work out for Jeffrey Ying, of Fremont, California, who swapped out three precious manuscripts from UCLA’s Young Research Library, as the librarians caught on as he attempted a fourth steal.

According to the affidavit by an FBI agent, Ying would use multiple aliases to obtain library cards and check out the rare manuscripts from the UCLA Young Research Library. He replaced the manuscripts with “dummy books” that he returned in the boxes the library uses for the manuscripts.

Ying presumably took the manuscripts overseas, according to his travel history, which shows that he flew to California from Hong Kong, Shanghai or Seoul and back around the time of each of the thefts over the past 13 months.

The UCLA police first alerted the FBI when three rare books from the university’s East Asian Library, two of which were valued at $70,000 and $63,000, respectively, were missing from storage after they had been reviewed by a man calling himself Alan Fujimori. The books need to be reserved in advance because they are kept in secured storage.

Courthouse News Service

Previously:
• How Stéphane Breitwieser stole over a billion dollars worth of art, and the sad desperate destruction that ensued
• The juice bottle that brought down an art thief

US investors poured more into spot Ether (ETH) exchange-traded funds than their Bitcoin counterparts over the last six trading days, as institutional interest in Ethereum surged this week. 

Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during the same period, according to Farside Investors. 

Ether ETF inflows also outpaced Bitcoin ETFs for each of the last six trading days. 

BlackRock’s iShares Ethereum ETF (ETHA) was the biggest beneficiary of the recent inflow, as the fund saw a net inflow of $1.79 billion, amounting to nearly 75% of the total inflow, during the six-day period.

ETHA recently became the third-fastest ETF to hit $10 billion in assets under management. It managed to accomplish this feat in 251 trading days.

Meanwhile, Fidelity Ethereum Fund (FETH) registered its best day on Thursday, with the fund witnessing a net inflow of $210 million. It beat its previous record by 4%, as the fund recorded a net inflow of $202 million on Dec. 10, 2024.

Related: Bitcoin, Ether ETFs clock second-biggest day of inflows on record

Institutional demand for ETH has been picking up in recent weeks.

BitMine Immersion Technologies bought ETH worth $2 billion in the past 16 days, which propelled the company to become the largest corporate holder of ETH.

Currently, companies that hold ETH in their respective treasuries hold 2.31 million ETH, which amounts to 1.91% of ETH’s circulating supply, according to Strategic Ether Reserves.

Galaxy Digital CEO Michael Novogratz has predicted that the price of ETH will touch $4,000. He further said that ETH will outperform BTC in the next six months.

Novogratz pointed out that both BitMine Immersion Technologies and SharpLink Gaming have bought large amounts of ETH that can create a supply shock.

US Bitcoin ETFs break inflow streak

On Monday, spot Bitcoin ETFs broke a 12-day inflow streak, as BTC ETFs collectively saw a net outflow of $131 million. Before Monday, the 12-day net inflow collectively stood at $6.6 billion.

Swissblock research expects this trend to continue, as the research firm said, “ETH is rotating into leadership as the next leg of the cycle unfolds.”

Magazine: Robinhood’s tokenized stocks have stirred up a legal hornet’s nest

]]> https://earlybirdsinvest.com/ether-etfs-outpace-bitcoin-for-6-straight-days-in-rare-flip/feed/ 0 49560 https://earlybirdsinvest.com/rare-flip-ethereums-62-1b-futures-volume-tops-bitcoins-61-7b/ https://earlybirdsinvest.com/rare-flip-ethereums-62-1b-futures-volume-tops-bitcoins-61-7b/#respond Fri, 11 Jul 2025 04:13:50 +0000 https://earlybirdsinvest.com/rare-flip-ethereums-62-1b-futures-volume-tops-bitcoins-61-7b/

A long-time Bitcoin holder has finally cracked open one of the rarest physical Bitcoin collectibles in existence—a Casascius bar loaded with 100 BTC.

The collector, who goes by the name John Galt on the Bitcoin Talk forum, originally bought the bar in 2012 for just $500. 13 years later, he redeemed it when the top crypto crossed the $100,000 mark, unlocking a fortune now worth over $10 million.

In effect, he saw a return of nearly 2,000,000% on his modest 2012 investment.

According to Galt, the decision to redeem wasn’t easy, as he had struggled considerably with the pressure of holding a single object worth millions.

He also highlighted his past struggle to sell the physical coin and his reluctance to settle for less than Bitcoin’s digital value.

He wrote:

“I didn’t want to redeem it, though. To me, a physical Bitcoin that hasn’t been redeemed feels like it’s worth more than just the money. I did try to sell it a few times, but it’s hard selling something that valuable, and you really can’t trust just anyone. I even looked into auctions, but I’d be getting less than what the Bitcoin itself was worth.”

The legacy of Casascius Physical Bitcoins

Casascius physical bitcoins, first minted in 2011 by Mike Caldwell, are among the most iconic collectibles in crypto history.

The bars and coins, embedded with real BTC, came in denominations from 0.1 to 1,000 BTC. Over time, they became coveted artifacts for collectors and early adopters alike.

According to the website:

“Each Casascius Bitcoin is a collectible coin backed by real Bitcoins embedded inside. Each piece has its own Bitcoin address and a redeemable “private key” on the inside, underneath the hologram.”

However, production halted in 2013 after the US Financial Crimes Enforcement Network (FinCEN) classified Caldwell’s operation as a money transmission service.

Despite that, the coin’s value has continued to rise in monetary and historical value. Notably, physical coins maintain collector value and often sell on secondary markets like eBay for as much as $20,000.

To date, more than 10,000 Casascius coins have been redeemed, with over 18,000 still active or unclaimed, according to casasciustracker.com.

Welcome to Slate Sundays, CryptoSlate’s weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.

Gracy Chen leaves quite an impression. As the only female CEO among the top 10 crypto exchanges, she’s well aware of the challenges facing women leaders, and she’s determined to use her feminine wiles to her advantage. Yet, unlike some of her counterparts who yank up the step ladder on their way up, Gracy lifts as she climbs—half of Bitget’s management team is female. As she jokes:

“That’s like finding a Bitcoin wallet that didn’t get lost in a boating accident—rare, but glorious.”

Bursting into the Bitget for UNICEF press conference in Dubai, in a bright blue UNICEF cap, her charisma lights up the room. There are two male representatives from UNICEF Luxembourg present, but their innovation lead, Sunita Grote, is unable to attend. Her travel plans have been disrupted by rising regional tensions. “You don’t often get men covering for women,” Gracy laughs, with a wicked glint in her eye.

Gracy’s humor is a powerful weapon in her arsenal, and she uses it often to put people at ease, along with a showstopping smile and killer intellect. Underestimate her at your peril. With an MBA from MIT with a GMAT score in the top 1% of the country, Gracy’s as sharp as a razor.

Under her leadership, she’s taken Bitget out of relative obscurity to become a leading exchange with the largest copy trading platform and 120 million users globally.

“My goal is to bring Bitget to a higher level, to acquire more users, and to build stronger partnerships,” she says.

Gracy Chen is a master in basic autonomy and a Michelin-starred chef

If Gracy’s chosen career path is rare, her background is equally unconventional, growing up in Southwest China with a strong female role model. She shares:

“I was so inspired by my mom, who was a single mother, but also an MBA. Because she was so busy with her work and study, at nine years old, I was basically a Michelin-starred chef already. If a Michelin star means boiling instant noodles without burning the house down.”

She smiles:

“My childhood was very much like a mini MBA, where MBA stands for Master of Basic Autonomy. Lesson one: if you want noodles, you better learn to cook them yourself.”

While her mother didn’t pass on her culinary skills, she did take Gracy to a lot of restaurants, and, having studied at the best university in the region, she imparted three valuable lessons:

“One: independence. Two: going after what you want. Three: how essential it is to get an education.”

Research has shown that educating women and girls is key to improving communities, Gracy explains, and even to increasing a country’s GDP. “That’s why I was so excited to partner with UNICEF and join the Game Changers’ Coalition,” she enthuses.

Gracy’s rewriting the rules of inclusion in web3

The Game Changers’ Coalition seeks to advance digital education and gender equality by empowering women and girls in blockchain and web3. Together with UNICEF, Bitget will provide scholarships, mentorship, and educational programs to 300,000 participants across eight developing countries, including Morocco, India, and Cambodia, with a long-term goal of reaching 1.1 million people across 12 countries by 2027.

The initiative emphasizes building foundational skills, supporting girls as creators in the digital economy, and developing a global support network. With such lofty goals, Bitget isn’t doing things by half, but then, I rather doubt that Gracy would put her name on anything less.

“We know that women are underrepresented in our crypto community, but we want to rewrite the rules of inclusion in web3. The Game Changers’ Coalition is our next step in doing that. If we want to have true equality, it’s essential that all these women are given opportunities to learn about this new and paradigm-shifting technology. “

This isn’t Gracy’s first foray into mentoring and supporting women. Bitget launched its Blockchain4her initiative, spearheaded by Gracy, in January 2024, which focuses on “elevating, empowering, educating, and embracing” women and preparing them to take leadership roles. Among its inspiring ambassadors are Gracy’s good friend, Solana President Lily Liu, and Lighting Labs’ founder and CEO, Elizabeth Stark.

If they can do it, you can do it: Why changing perceptions is key

I tell Gracy about a fact I heard that women CEOs typically have to go through a lot more postings than their male counterparts, and that women in blockchain come up against additional barriers, such as widespread misogyny and stereotyping. On more than one occasion at a conference or side event, I’ve been mistaken for the lady serving drinks.

Of course, educating women is a solid initiative, I say, but when barriers like this exist, how else do we go about changing these lingering perceptions? She sits for a moment in quiet thought before answering:

“That’s definitely one of the goals of Blockchain4her. It’s about building female role models and changing people’s perspectives. We have a long line of female ambassadors… We want to set up these examples for females to know that you can be one of them… if they can do it, you can do it.”

She continues:

“The other thing about changing the mindset is, I actually say this a lot in various panels, especially when I’m in a panel with five different gentlemen talking about stablecoins or regulations, or exchanges, or business, et cetera. People ask me a lot: You’re a female CEO. How do you balance work and life? I’m like, why don’t you ask them? They also have a family. Why don’t you ask them how to balance work and life? Things like that about mindset changing are what we want to work toward.”

Are there ever times when Gracy feels she’s taken less seriously as a female CEO or her opinion given less weight?

“There might be cases where I’m not taken seriously, and in those cases, I don’t really care. I’ll just prove myself and do the right thing for me and the company. Also, there are certain other cases, especially in terms of marketing, where being a woman became a leverage, and an advantage.”

She gives the example of a recent feature in Coindesk’s top 50 most influential women in web3 and AI, among the likes of Cathie Wood and Cynthia Lummis. She shrugs:

“It just gives me more marketing opportunities. That’s what I mean by saying being a woman in this industry is both a blessing and a curse.”

Beyond the Arctic and Antarctica: Bitget’s quest for global growth

Gracy started at Bitget in 2022 as Managing Director and was promoted to CEO in May 2024. I ask what vision she brought to Bitget and what her objectives were coming on as CEO:

“My vision, and also part of the founding team’s and higher executive team’s vision, was to bring the 2022 version of Bitget to a more global platform.”

As a China-born exchange, Gracy was one of the “very few” executives who spoke fluent English, and her role as Managing Director was to elevate the Bitget brand image and influence globally. She affirms:

“Today, we are indeed a global exchange. We serve more than 100 countries. Our own employees come from more than 42 different countries, and passport holders, and we have teams on every single continent other than the Arctic and Antarctica.”

She unlocks her phone and holds it up. “Here,” she says, “I can just quickly show you.” I’m looking at a screen with the clock faces of multiple destinations. She says:

“I literally have Los Angeles all the way covered to Auckland in New Zealand. So I need to know where everyone is and if I need to have a meeting with them, what’s their time zone, what’s my time zone? Things like that are a good way of looking at how global we are.”

This is the first time I’ve come across a CEO or founder who gave a flying hoot about what time they called their employees, or who didn’t outsource this task to their EAs. Looks, brains, wit, and respect for her fellow humans. I think I’m developing a little crush. She continues:

“Now, am I satisfied with all the results? Are we global enough? I think there are still ways to work and to improve.”

A case-by-case basis to better serve institutional clients

Beyond onboarding international users and employees, a sizable chunk of Bitget’s growth this year is driven by institutions. Gracy says:

“I’m in conversations with lots of market makers, VCs, some tokenized money market funds, and all the various institutional partnerships we’re building. Today, we are more focused on the institutional side because we were lagging in terms of institutional clients, maybe before last year.”

If Bitget was lagging in the institutional race, the exchange has quickly caught up: 80% of  Bitget’s spot volume now comes from this group, and 80% of crypto quant firms are using Bitget to trade. What attracts them to the platform specifically, and how does this influence the company’s approach?

“This afternoon, actually, I need to meet local regulators to talk about us getting different licenses. Dubai is one region. Actually, it’s not just Dubai, it’s also Abu Dhabi, Saudi Arabia, Bahrain, Qatar, different countries and jurisdictions we’re looking at to have conversations or we’ve had some conversations.”

She says that Bitget has modified its strategy to accommodate institutional clients in several ways, but “compliance is definitely one of them.” Bitget is also rolling out continuous updates and tooling, such as unified trading accounts, to make institutional clients feel at home.

“Institutional clients need more dashboards. They need higher, faster lines. Otherwise, they just don’t want to join you. Unified trading accounts is a new product we are launching in order to better serve our institutional VIP clients.”

Since no two clients’ needs are equal, Bitget takes its institutional approach on a case-by-case basis. Gracy explains:

“Even if they are all market makers, they have different preferences. Some want this, some want that. So what we do is just like running a restaurant, we give them a menu and they can choose this and that.”

She smiles as she returns to a restaurant analogy, a business she appears to understand well and thinks fondly of from her days boiling noodles and shadowing the footsteps of her superhero mom. I want to ask if that’s where Gracy would be if she hadn’t fallen down the crypto rabbithole, but I know she doesn’t have much time, and we move on swiftly instead.

Regulation, market cycles, and ballooning M2 supply

With a change of guard in Washington and a groundswell of support for crypto, we turn the conversation stateside. Crypto businesses have been frozen out of Fortress America for far too long, but with the largest economy in the world still leagues ahead of China and a crypto adoption rate around 28%, does Bitget plan to pursue this lucrative market now? Gracy pauses and measures her response.

“We have given a lot of thought to serving the U.S. jurisdiction, maybe starting with a certain group of users. But so far, we haven’t decided whether we will enter the U.S. market. I don’t see that coming soon. Even if the U.S. is becoming more crypto-friendly, passing the stablecoin bill… regulations around exchanges are still kind of cooking, and we can’t make any decision based on assumption or speculation.”

And what are Gracy’s thoughts on the market today? With Bitcoin grinding slowly up, then trading sideways, and altcoins notably trailing, are we in a bull or a bear? For that matter, are we even in a traditional cycle, or does Gracy subscribe to the supercycle thesis?

“My personal opinion is that we don’t have the four-year bull-bear market anymore. We are in a supercycle, and this supercycle is largely driven by macroeconomic factors, including M2 supply, like quantitative easing, and different fiscal and monetary policies around the world, especially in the U.S., Europe, and China.”

With U.S. M2 supply maintaining its firm trajectory of up and to the right, I guess that means Gracy expects Bitcoin’s price to substantially rise. She nods her head:

“In my opinion, you know, $100K, today’s Bitcoin price, is still a good purchase price or entry price for those who don’t have any Bitcoin. I think we are in a supercycle. But supercycle for Bitcoin doesn’t mean supercycle for altcoins.”

Beyond Ethereum, Solana, and “maybe some other coins,” Gracy says it’s not as easy as it used to be to raise capital and build a project that attracts and retains a meaningful user base.

“The very small coins are seeing lots of problems right now, especially the older projects that have been listed on many exchanges, but the project team is not doing very well… Today, it’s much harder because you really need to build an appropriate product and have lots of users. And I think that is a healthier way of people entering this industry.”

Looking ahead: What’s coming up on Bitget’s horizon?

Beyond engaging with regulators and growing its international and institutional base, what else is in the pipeline for Bitget?

“We’re not just building an exchange,” Gracy insists, “we’re more interested in how to serve our users better. What are their needs in terms of trading? What are their needs in terms of daily activities? So we’re embedding a lot around PayFi.”

PayFi is Bitget Wallet’s blockchain-based initiative to simplify crypto and real-world payments and financing by integrating DeFi and real-world assets (RWAs). Gracy explains:

“What we see right now is, all the global credit card networks have almost a 3% to 6% cost per transaction that is taken from merchandise and from the retail users, and sometimes it takes three to four days to just settle a global transaction. So lots of efficiency, and money, and time can be saved in those transactions by stablecoins and PayFi.”

She’s quick to add that Bitget will, “of course,” follow all the necessary procedures, including Anti-Money Laundering (AML), Know Your Customer (KYC), and Know Your Business (KYB). She adds:

“Another thing we are working hard on is AI; how to have AI bots and using AI to streamline some of our services to detect fraud, or to serve our users for efficiencies, those sorts of things. So, AI and PayFi are some of the businesses that we are more interested in.”

Gracy has to meet with another journalist before her afternoon appointments, but she’s not too busy to insist on a photo with me in front of Lionel Messi’s signed football shirt with the Bitget logo embossed on the front.

I wonder if this type of interaction comes naturally to Gracy or whether she’s had to work at it; and, for that matter, whether she’s had to work at it twice as hard as a man. She replies:

“Being a woman is who I am and what I was born with. I don’t really care what people think of me. It’s more about what’s the right thing and how to bring this company forward.”

Mentioned in this article

In his latest macro-technical analysis, crypto strategist Kevin (@Kev_Capital_TA) has flagged a potentially pivotal moment for Ethereum (ETH), arguing that a confluence of rare monthly chart signals—some not seen in years—could be laying the groundwork for durable altcoin outperformance. Speaking in a video posted June 9, the analyst described the current Ethereum setup across multiple timeframes as “something we’ve never seen before,” drawing comparisons to historical signals that preceded major rallies in 2016, 2018, and 2020.

Ethereum Primed For Macro Breakout

Kevin emphasized that Ethereum now exhibits strong bullish momentum across its USD pair, dominance chart, and ETH/BTC ratio, pointing to a simultaneous alignment of several high-time frame indicators. “These are things that just don’t pop up every day,” he said. “Matter of fact, these are things that have almost never popped up in such confluence throughout history for Ethereum.”

The core of Kevin’s thesis hinges on what he calls a “monthly demand candle”—a large, typically green candlestick that emerges after a protracted correction. Ethereum printed such a candle in May 2025 following nearly a year of sideways chop and five months of drawdown. Historically, these demand candles have marked the start of significant uptrends. Kevin cited analogous structures in 2016, 2018, and during the COVID-19 crash in 2020, all of which preceded multi-month rallies.

“This may be the most textbook demand candle we’ve ever had,” he noted, adding that “the last time we saw something like this was before ETH ran for nearly a year with barely any major correction.”

Related Reading

Supporting the candle analysis is a synchronized bullish turn in several technical indicators. The Market Cipher momentum wave has clipped into the oversold zone and printed a confirmed green dot buy signal. Simultaneously, the VWAP—volume-weighted average price—has crossed above the zero line, and money flow has started to trend upward. Kevin was explicit about the importance of this configuration: “Let me tell you something: this is a big deal.”

The monthly RSI, currently sitting at 51, has not yet broken the crucial 70-level that historically marks the onset of parabolic price action. According to Kevin, “ETH has never even broken 70 this cycle. You haven’t seen what’s possible yet for Ethereum—or for altcoins in general. You’ve seen nothing yet.”

He also highlighted the return of whale accumulation, measured through a proprietary “whale money flow” indicator. After exiting ETH positions for over a year—from March 2024 to May 2025—whale flows have shown a V-shaped bottom and are now turning up. “We are now starting to see accumulation durably here,” Kevin said. “You keep hearing that BlackRock’s buying ETH, and I don’t know if that’s reflected in this indicator, but we are definitely seeing whale activity occur on the monthly time frame.”

The analyst went further, showing that Ethereum’s stock RSI on the monthly timeframe has not only bottomed out but is now rebounding sharply—a pattern that historically precedes long-duration uptrends. “This is aggressive movement,” he explained, noting that for confirmation, the RSI still needs to cross the 20-level, but emphasized that the current shape of the rebound is stronger than in previous cycles.

Ethereum Shows Relative Strength

Another key piece of the puzzle is Ethereum’s dominance chart, which tracks ETH’s market cap relative to the rest of the crypto space excluding Bitcoin. Kevin pointed to a potential double bottom on the monthly chart and a newly confirmed MACD momentum shift, the first in over two years. “That’s two years and one month of downtrend finally reversing,” he said.

Related Reading: Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June

Finally, the ETH/BTC pair is showing a near-identical structure to Ethereum’s dominance chart. Kevin believes this confluence is key. “Look at that—wow, that’s funny—it looks the same. You find your major low right where you found it in 2020. The monthly indicators are all curling up.”

Still, he remained measured in his optimism, noting that macroeconomic conditions—particularly monetary policy—remain essential for confirming the bullish case. “It’s going to take some monetary policy shifting. We still need inflation to come in line. But the market is living four to six months ahead. If the market starts to sniff out that easing is coming, we’ll see that reflected in asset prices before it happens.”

Referencing cycle theory and historical post-halving performance, Kevin argued that ETH’s recent relative strength fits both narratives. “Typically, ETH and altcoins start to outperform Bitcoin in the post-halving year. We’re halfway through that window—and it looks like it’s finally starting.”

Looking ahead, he sees Ethereum as the “major key” that unlocks broad altcoin outperformance. “ETH opens the door to soaking up market cap, which will then leak down into mid-caps and small-caps. Everything starts with ETH.”

While reiterating that patience is crucial, Kevin concluded with conviction: “The monthly timeframe indicators have never been more historically on our side. I think we’re on the verge of something really big.”

At press time, ETH traded at $2,739.

Featured image created with DALL.E, chart from TradingView.com