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Dogmatoko
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QCP: There has been a fundamental shift in ETH's liquidity profile relative to BTC. While BTC is increasingly integrated into mainstream macro capital markets, ETH is taking a backseat. This development may have arisen from a clear lack of interest in spot ETH-ETFs compared to spot BTC-ETFs. The bullish sentiment in BTC is significant and structural, with consistent demand for BTC call options expiring in 2025, with strikes closer to $100,000.
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