According to Foresight News, Bitwise Europe has released a report indicating a notable shift in investment from Bitcoin to Ethereum and major altcoins in August. This trend was supported by strong inflows into Exchange Traded Products (ETPs) and an improvement in risk appetite. Despite the seasonal characteristics of September suggesting continued market volatility, signs of weakening selling pressure, coupled with favorable macroeconomic factors, may lay the groundwork for market stabilization in the fourth quarter. The report notes that while there has been recent profit-taking and neutral market sentiment, strong accumulation across various wallet groups and the ongoing adoption of corporate fund management indicate robust underlying demand
source: https://www.binance.com/en/square/post/29133429578690?utm_source=BinanceNewsRSS