Bitcoin's 11% drop was influenced by the German government's BTC liquidations, large long position liquidations, and the start of Mt. Gox repayments, increasing market supply.
Bitcoin's downturn is countered by significant ETF inflows, indicating investor optimism. Concurrently, the fear and greed index's low levels point to potential buying opportunities.
Ethereum is poised for growth with upcoming ETF approvals likely to drive substantial spot buying, positioning ETH for relative outperformance against Bitcoin.
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