Ethereum-led altseason incoming? 83% surge in USDT borrowing points to…
Photo: AMBCrypto
The market is continuing to bet heavily on the potential altseason. Technically, the setup looks more and more interesting. Following the ETH/BTC 20% rally in Q3, traders are already positioning for another move higher in Q4, with early accumulation signs starting to show. However, Bitcoin dominance has broken over 60%, indicating that capital is still flowing towards the flagship crypto, which makes a general altcoin breakout not so certain for now. And yet, Lookonchain spotted a big whale rotation in the last three days. The whale sold 1,074.36 BTC equal to $89.5 million and bought 36,159 ETH.
Source: AMBCrypto
