Ethereum’s price jumped almost 50% last month. This type of overvoltage generally whispers a bull market that warmed at all levels.
But a more in -depth examination of the landscape of digital assets suggests something different. Big Money, the genre that moves the markets, does not spread its wide bets.
Instead, he focuses on a few familiar names. This growing concentration of the cryptography market reshapes investment models, according to a new market analysis.
Javier Rodriguez-Alarcon, investment director at XBTO, a world digital asset company, sees a quarter of work. It brings a background of traditional finance giants like Goldman Sachs, Blackrock and Barclays to the world of cryptography.
He thinks that the recent Ethereum rally is not only retail investors full of hope.
“It is a direct response to structural access points such as the opening of ETFs.” He underlined an influx of $ 110 million in these products in the middle of the week as proof that institutional demand “finally materializes through familiar channels”.
Bitcoin also saw his own drama. Recent price reductions were not a sign of collapse, said Rodriguez-Alarcon.
Instead, “the withdrawal of Bitcoin was a healthy confusion”. He explained that two net sales have eliminated excessive loans.
And then, long -term investors intervened. Their assets exceeded $ 28 billion. “It’s a conviction, not a retirement,” he said.
