Ethereum Overtakes Bitcoin in Treasury Trading – The Spectacle No One Saw Coming! 🚀🤔

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In what can only be described as a dazzling twist in the age-old drama of crypto domination, Ethereum has apparently decided that Bitcoin’s throne might need a little rearranging – but don’t break out the champagne just yet, dear reader. According to the ever-astute crypto analyst Miles Deutscher, fresh from his rigorous data gleaning from the esteemed halls of Blockworks, Ethereum is now flipping Bitcoin in the realm of corporate treasury stock trading. Yes, you heard that right. Ethereum, the blockchain darling still brushing off its humble beginnings, is now jostling for position with the old guard, or so the data suggests. 🎭

Deutscher, with an admirable mix of modesty and sarcasm, admits that ETH still has “a lot of catch-up” to perform and that it remains “the far less saturated trade.” One might wonder if he’s observing the same chart everyone else is, or merely jesting to keep us all intrigued. The chart in question showcases a meteoric rise in the trading volume of Ethereum’s treasury stocks, notably BitMine Immersion Technologies (BMNR) – which, apparently, is now one of the most actively traded stocks across the pond in the US, raking in an impressive $6.4 billion daily. Meanwhile, Tom Lee’s ETH holding firm is nipping at the heels of Michael Saylor’s MSTR, with daily averages nearly fourfold. The scene resembles a frenetic game of corporate musical chairs, where ETH players are suddenly the life of the trading party. 🍸

This, folks, is what we call a crazy chart. ETH now flipping BTC for treasury company trading volume – tuck that away. 💥

Honestly, looking at this makes me think ETH still has some sprinting to do before it can comfortably call itself king of the hill, but-oh!-the irony of it all. Still, a less saturated trade is what they say, isn’t it? 🧐

– Miles Deutscher (@milesdeutscher) August 20, 2025

The Ether Treasury Race: Not for the Faint of Heart

If one thought the crypto game was all fun and games, think again. BitMine has now become arguably one of the hottest stocks in America – a staggering claim, considering it’s traded an average daily dollar volume of over six billion bucks, and ranks a lofty tenth. This growth has an unmistakable whiff of hype – or perhaps just impeccable timing – since Lee’s ETH stacking saga kicked off, boosting the stock over 1,100% since late June. The specter of institutional involvement, with Lee leading the charge, has shifted this from a mere blockchain meme to a bona fide Wall Street spectacle. 🏦

$BMNR has a +100% upside in the next six months – sayeth the sages of StockTrader_Max. 📈

This stock attracted attention after Tom Lee jumped aboard, and it mimics MSTR but with ETH rather than Bitcoin at its core. And let’s be honest, ETH is the blockchain’s real backbone, even if we all love a good BTC rally. 🤓

– StockTrader_Max (@StockTrader_Max) August 20, 2025

As if that wasn’t enough to turn heads, BitMine’s holding 1.5 million Eth – roughly $6.5 billion – making it the titan of Ether treasuries worldwide and the second-strongest crypto treasury outfit on the planet. And, just to spice things up, weekly spot trading volumes for ETH just hit an all-time high, nearly tripling BTC’s weekly volume according to the ever-enthusiastic analyst ‘Crypto Gucci’. The ‘flippening’-say it with me-‘isn’t just a theory anymore; it’s unfolding right before our very eyes, like some crypto soap opera.’ 🎭

Weekly spot trading volumes for $ETH just shattered records, hitting an all-time high versus $BTC. 🚀

ETH traded nearly three times the volume of Bitcoin this past week. Yes, you read that correctly: THREE TIMES.

It’s no longer Bitcoin’s show. All the liquidity, momentum, and energy are slipping into Ethereum’s pockets.

The flippening isn’t a mere hypothesis – it’s happening, live, and in Technicolor. 🎬

– Crypto-Gucci.eth ᵍᵐ (@CryptoGucci) August 20, 2025

And if that weren’t enough, the amount of ETH on centralized exchanges has plunged to depths not seen in nine years. One might wonder-are we witnessing a giant game of hide-and-seek, or maybe just folks realizing that they’d rather hold than trade? Either way, the plot thickens. 🕵️‍♂️

ETH’s Resilient Revival

Prices, the emotional barometers of the crypto world, have started climbing back from this week’s fall. Gains of 2.8% push ETH back above the $4,300 mark – still a way from its recent high, but at least it’s a start. Wednesday’s dip below $4,100 proved fleeting as markets rebound, though with Jackson Hole looming, most are penciling in more volatility – or perhaps just settling in for a wild ride. Buckle up, folks; this soap opera isn’t over yet. 🎢

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2025-08-21 11:43