https://ift.tt/OaohKmF (ETH) Net Flows Surpass Bitcoin (BTC) | CryptoGazette

The crypto market is on its way to recovery after a short period of correction. At the moment of writing this article, the most important coins in the crypto market are trading in the green.

Bitcoin is currently priced at $41,293 and ETH is also trading in the green and the coin is trading at $3,109.

ETH vs. BTC

Ethereum net flow continues to surpass Bitcoin. Check out the following tweet:

Crypto trader and analyst Will Clemente said the following about Bitcoin:

Someone else said: “Exchange balances of #Bitcoin peaked at the March 13, 2020 bottom. Plebs keep stacking and moving their coins offline, regardless of the price.”

Ethereum is close to a great opportunity

It’s been revealed that the crypto analytics firm Santiment is really bullish about Ethereum. Check out the latest reports coming from them below.

The firm just revealed the bullish prospects that it has for Ethereum. In a new blog post, Santiment said that the Market Value to Realized Value (MVRV) metric of Ethereum (ETH) over the past seven days (7D) shows that ETH is near the “opportunity zone.” Just in case you don’t know, this is where typically the price bottoms out.

The MVRV is used to show the average profit or loss of all coins in circulation at the prevailing price, according to the online publication the Daily Hodl. This is calculated as market capitalization over the acquisition costs of the assets in a wallet.