Bitcoin Plummets Following $2.7 Billion Sell-Off, ETH Soars Amidst Market Shift

A significant sell-off of Bitcoin triggered liquidations exceeding $500 million, leading to a notable dip in the cryptocurrency’s price. Meanwhile, Ethereum has surged to new highs and its trading pair with Bitcoin reached a crucial milestone above 0.04, indicating potential market shifts. As Bitcoin dominance wanes amid ETF outflows exceeding $1.2 billion, institutions are quietly accumulating ETH, driving the altcoin’s momentum. This sell-off, which coincided with investors’ hopes for broader market recovery post-Jackson Hole, has reignited concerns about whale activity and market manipulation.