Bitcoin Outperforms Ethereum in October: Three Reasons for the Divergence
- —BTC down 1.1% since Oct 1, ETH down 7.4% over the same period
- —ETH ETFs saw $697 million in net outflows over nine sessions; BTC funds drew inflows
- —ETH exchange balances rose by over 100,000 coins; BTC balances fell by about 15,000
- —Ethereum Fear & Greed index dropped to 38 from 69 in September
Why it matters: Investors are rotating from ETH into BTC amid ETF outflows and cryptography security concerns, keeping pressure on Ethereum in the near term.
Source: CoinDesk Japan
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