Expert: ”Ethereum loses market share... loses ground”

It has been analyzed that the market share of Ethereum (ETH), the second largest virtual asset by market capitalization, has decreased. Julio Moreno, a senior analyst at Cryptoquant, said on the 17th (local time).
"Compared to the market capitalization of other virtual assets, Bitcoin's market capitalization ratio has risen from 0.90 to 2.12," he said through X (formerly Twitter), adding, "On the other hand, Ethereum's market capitalization ratio
"The Ethereum (ETH) index fell from 0.41 to 0.36," Cryptoquant said. "Bitcoin's market share has more than doubled, but Ethereum has lost ground," he said. "We don't know where the funds are going."
"It clearly shows how much is flowing," he said. At 9:17 a.m. on the 18th, Ethereum was trading at $2,739.56 (about 410,000 yen) on CoinMarketCap.
This represents a decrease of 20.36%.