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Trader Eugene: ETHs main buying comes from traditional funds, and will not buy Ethereum altcoins for the time being

By: odaily.com|2025/07/16 09:21:39

Odaily News Trader Eugene wrote that when deciding on the composition of ETH positions, he specifically looked through the list of betas that have a positive correlation with ETH in history (note: this can be understood as altcoins that can outperform ETH), such as PEPE, LDO, OP, ARB and other tokens. Eugene believes that a large part of the new buying will not come from insiders, but from traditional funds (TradFi). At present, the inflow of ETH ETF has set a record, while those ETH betas have hardly followed the rise in comparison. Therefore, it was decided not to participate in the above-mentioned altcoins for the time being.

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BTC breaks through 119,000 USDT, up 1.69% in 24 hours