ETH Leads Institutional Bets But Retail Still Favor BTC According to Bybit Report
Indonesia, March 5 -- a new report showing how institutional and retail investors are positioned for the crypto bull market following the approval of the BTC ETF in January.
This first-hand glimpse into Bybit's extensive trading data shows that institutional investors have shifted towards Ether (ETH) with allocations reaching about 40% by the end of January 2024 - possibly driven by the upcoming Dencun upgrade to the Ethereum network. Retail allocations, on the other hand, are roughly 20% BTC and 10% ETH. When it comes to stablecoins, the report shows that retail have 36% in stablecoins, while institutions are more fully deployed, holding about 10% in stablecoins.
The analysis of altcoin positions reveals a notable trend of institutions...
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