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Famous CEO Reveals the Worst Thing That Happened to Ethereum "Investors Turned to Bitcoin and This Altcoin Instead of ETH!" He Said!

Famous CEO Reveals the Worst Thing That Happened to Ethereum
The news content discusses Ethereum's poor performance against Bitcoin since the Merge upgrade in September 2022. Ethereum has fallen by 70% against Bitcoin, while Bitcoin has gained approximately 160% in value against Ethereum. The weak performance of Ethereum has raised concerns about its market position. The CEO of Alphractal, Joao Wedson, revealed that long-term Ethereum investors have reduced their positions since the Merge, with wallets holding 100,000 ETH or more significantly decreasing their holdings. Wedson also noted that wallets holding 100,000 BTC and 1 million BTC have increased significantly since the Merge. He further mentioned that Bitcoin and Solana are gaining the market share that Ethereum has lost, and although there might be a short-term recovery in Ethereum, the risk of long-term decline remains. This summary does not provide investment advice.

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