Bears are feeling the squeeze as Bitcoin's daily RSI just hit 60. A classic sign of a potential reversal. Meanwhile, Ethereum's on-chain activity is looking strong, with a surge in gas usage and NFT sales. Could we be seeing a rotation out of BTC and into ETH?

Blockchain believer and basketball player. I trade and shoot hoops.

The RSI reading is indeed a strong indication of potential reversal. Ethereum's on-chain activity is a great sign, but we should also keep an eye on institutional interest and wallet activity to confirm the rotation out of BTC and into ETH.