Track market-moving stories before they get noisy

While most networks saw their DeFi TVLs appreciate in October, newly-forked chain EthereumPoW [ETHW] led with the highest TVL hike. This, according to data from CryptoRank. 

As per DefiLlama, at press time, 15 DeFi protocols were housed within the proof-of-work network with a TVL of $5.54 million. Towards the beginning of October, TVL on EthereumPoW stood at $1.42 million. However, as more DeFi protocols were launched on the chain within the 31-day period, its TVL grew by 365%  to close the trading month with a TVL of $6.6 million.

Source: DeFiLlama Launched on 15 September following the Ethereum network’s successful Merge, the EthereumPoW ecosystem has since seen growth despite the general controversy surrounding how the POW network came to be.

For example, as of 22 October, four NFT marketplaces were operational on the chain with six native NFTs projects.

https://twitter.com/wagmi33fund/status/1583861476921839616?s=20&t=FDpE9Iu8GY-20Hlbqi181w

ETHPOW since launch According to data from OKLink, since ETHPOW network became operational on 15 September, transactions completed on it totalled 1.72 billion. Users have paid as transaction fees – 126.12 million – within the same period. 

Furthermore, the count of total addresses on the network, at the time of writing, was 263 million addresses, with 262 million of those inactive. Also, the chain supports a number of Ethereum-based tokens issued according to the ERC-2 standard (528,689 tokens), the ERC-721 standard (137,591tokens), and the ERC-1155 standard (18,135 tokens).

As for its native token ETHW, since launch, its price has declined by 95%. Ranked 68th with a market capitalization of $670 million at press time, it was exchanging hands at $6.27.

What should you expect? ETHW’s price has been on a downtrend since 28 October, forming a falling wedge. However, the trading session on 3 November was marked by a bullish breakout, one indicating that a price reversal might be imminent. 

A look at the asset’s MACD revealed that a bullish divergence had formed since 27 October. This meant that selling momentum had slowed and the downtrend was due for a reversal. 

Source: TradingView While this is a good indication that ETHW might see some relief soon, it is not enough to conclude that this is bound to happen. A consideration of ETHW’s Relative Strength Index (RSI) showed that it rested below the 50-neutral spot at 33 at press time, heading to the oversold position.

The asset’s Directional Movement Index (DMI) also suggested that the sellers’ strength (red) at 21.77 was above the buyers’ (green) at 21.66, meaning that sellers had control of the market.

Source: TradingView

The Journey of Chandler Guo: From Bitcoin Miner to Blockchain Investor

Tue 07 Apr 2026 ▪ 4 min read ▪ by Luc Jose A.

Summarize this article with:

Institutional flows depict the real balance of power in the crypto market, and this shortened week provides an important illustration. While bitcoin manages to attract capital, Ethereum and other altcoins face persistent pressure, revealing a subtle but real shift in investment strategies. Behind these movements, a trend emerges: investors sort, arbitrate, and reduce their commitments. Crypto ETFs thus become a key barometer of a market in search of direction.

In brief Bitcoin resists despite an unstable market, with limited but sufficient inflows to stay in the green. A fragile dynamic confirms itself, marked by irregular flows and a lack of investor conviction. Ethereum faces continuous pressure, recording significant outflows on several major ETFs. Altcoins also fall, with negative flows on Solana and XRP amid declining interest. Bitcoin maintains inflows in a hesitant market Over the week, spot Bitcoin ETFs record $22.34 million in net inflows, in an environment marked by strong fluctuations. The flow sequence illustrates an unstable but instructive dynamic :

The first days are driven by ARKB (Ark & 21Shares) and FBTC (Fidelity) ; The BlackRock IBIT fund strengthens the trend with significant inflows ; Midweek, a sharp reversal: IBIT and FBTC record outflows ; GBTC (Grayscale) and BITB (Bitwise) accentuate this selling movement ; Occasional inflows on the Grayscale Bitcoin Mini Trust and VanEck HODL limit the correction. This succession of contradictory movements leads to a clear conclusion: “bitcoin ends the week in the green, but without real conviction”. The weekly performance relies more on relative resistance than on solid momentum.

In this context, the bitcoin market presents the image of a fragile balance. Flows remain present, but their instability reflects persistent hesitation from investors. The lack of continuity in inflows prevents a firm trend, leaving the market in an observation phase.

Ethereum and other altcoins under pressure amid increased investor selection Conversely, Ethereum ETFs continue a clearly negative trend with $42.15 million in net outflows. BlackRock’s ETHA fund accounts for a large part of these withdrawals, accompanied by FETH and ETHE.

The pressure is sustained and contrasts with the volatility seen in bitcoin. Some products nonetheless resist, notably those including staking such as ETHB, which continue to attract targeted flows. This situation reveals a transformation in investor behavior: “this divergence highlights that investors are not completely abandoning ether, but are becoming much more selective”.

The movement also extends to altcoins. Solana ETFs show $5.2 million in outflows, mainly related to the BSOL product, while XRP ETFs decline by $3.56 million in a context of limited activity.

The entire segment suffers from a lack of sustained commitment, marked by irregular flows. This evolution reflects a general trend: “capital remains in motion, but it concentrates: investors favor fewer products, react more quickly, and engage with more restraint”.

This concentration of capital could redefine short-term balances. Bitcoin maintains a dominant position, while other assets now need to justify their attractiveness more selectively. This phase of increased selection reveals a more demanding market, where differentiation becomes a key factor to capture institutional flows.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.