🚀 Ethereum surges to a new ATH of $4,950! recently 📈 The ETH/BTC ratio is also on the rise, reaching a local peak of 0.428, the highest since Aug 2024! 📊 What's driving this momentum? 💡

📊 The trend is clear! Large holders are rotating from Bitcoin into Ethereum! 💸 One whale converted 100,784 BTC into 62,914 ETH and opened a 135,265 ETH derivatives long position! 📈 🚨

💼 Institutional flows are backing Ethereum too! 📈 Eth ETFs see stronger inflows, while Bitcoin ETFs show weaker activity! 📉 As a result, Bitcoin dominance slips to 58% from 61% earlier this month! 📊 

🔍 So, who's behind Ethereum's outperformance? It looks like Ethereum treasury companies are accumulating ETH aggressively! 🚀 .

Bitmine stash grew by 168% in 30 days, while SharpLink grew by 105.3%! 📈 💰

📊 The numbers are staggering! 

Here are the current holdings of the 5 largest Ethereum treasury companies:

1. Bitmine BMNR : 1,700,000 ETH

2. SharpLink Gaming SBET : 740,800 ETH 

3. The Ether Machine DYNX : 345,400 ETH 

4. Bit Digital BTBT : 120,300 ETH 

5. BTCS Inc BTCS : 70,000 ETH 

📈 Ethereum is outperforming Bitcoin, and it's likely driven by the narrative and demand from these treasury companies! 

🚀 Will this trend continue? Stay tuned for more updates!  📊💡

Happy Trading 😊

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