📊 CQ: #ETH may have hit bottom vs #BTC

The ETH/BTC ratio just surged 38% from a 5-year low. Demand is rising, selling pressure is falling, and ETFs are loading up.

This could signal the beginning of an Alt season.

🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +1,894 BTC ($196.39M) 🟢
Blackrock inflows 3,977 BTC ($412.24M) and currently holds 631,962 BTC ($65.51B);
#ETH-ETFs:
NetFlow: -9,246 ETH ($23.93M) 🔴
Fidelity outflows 12,488 ETH ($32.32M) and currently holds 390,676 ETH ($1.01B).

🏦🇺🇸 #BTC US bank Fifth Third Bancorp said it is looking at cryptocurrency business opportunities after building a small client portfolio. It is also exploring the use of stablecoins to facilitate cross-border transactions - BBG

🥳 #BTC supply shortage boosts confidence in reaching $200,000 goal by 2025 - Bitwise CIO

📊👀 #USDT #TRX Tron is the most widely used network for USDT, processing $623.9 Billion in volume in the past 30 days.

And with over 57 million USDT addresses on TRON, it accounts for more than 3 quarters of all USDT addresses.

💼👀 #LINK #USD1 #WLFI The USD1 Stablecoin from World Liberty Financial is now available for use on multiple blockchains via Chainlink's CCIP.

🇺🇸⛏ #BTC Nebraska lawmakers unanimously approved LB 526, a bill targeting large Bitcoin mining operations that use 1 MW or more of energy.

The bill requires miners to cover infrastructure costs, report energy usage, and allow for service interruptions.

📊🤔 Ecoinometrics: #ETH is up just 101% from the bear market bottom, while #BTC has gained nearly 500%. The difference? Bitcoin still has a clear narrative driving flows. Ethereum doesn’t.

📉🏥 #BMGL Shares of Basel Medical Group fell about 15% after the medical company announced plans to buy $1 billion worth of #BTC for its corporate treasury.

🤖📈 #AI ChatGPT now has more monthly users than Wikipedia does.

🖼 Elon Musk has changed his profile picture

🇦🇪🤖 #AI #WLD Nvidia, Cisco and OpenAI support the Stargate data center project in the UAE

📊👀 $98,732 is a major demand zone, where 1.19 million wallets accumulated over 1 million #BTC.

📈 #AAVE Sentora: Both supply and debt hit new highs on Aave this week, with over $31 billion currently supplied on Aave V3.

🔝 Top 10 Chains by YTD Net Flows

Sonic has become the first chain to exceed $1B in net flows year-to-date. Other top performers by this metric include Base, Solana, Unichain and Berachain.

📉 #BTC volatility has fallen to historic lows compared to gold.

🎁 New Portion of Airdrop Campaigns in May

🇺🇸🤝🇨🇳 Trump says he's willing to travel to China for trade talks with Xi Jinping. #tradewars.

📊 #BTC #ETH #ETF Yesterday, total net inflows of spot BTC-ETFs totaled $260.2 million.

Total net inflows of spot ETH-ETFs amounted to $22.2 mln.