Ethereum is seeing rising liquidity, driven by stablecoin growth and record ETH staking at 42.95 million (35.21% of supply, worth $105.96 billion). The ETH/BTC ratio continues climbing, signaling capital rotation from Bitcoin to Ethereum. Euro-denominated stablecoins on Ethereum grew 347.3% over three years to reach $848.1 million, representing 69.4% of the total, more than double all other blockchains combined. This liquidity divergence could trigger an altcoin rally in Q4, as Bitcoin shows bull trap signs with weak spot demand despite a bullish technical structure.
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