<h2><strong>關鍵要點</strong></h2>
<h3><em>以太坊現在比比特幣表現更好嗎？</em></h3>
<p><em>機構以太坊基金持有量在一年內激增 138%，幾乎是比特幣 36% 增長的四倍。</em></p>
<h3><em>加密週期接下來可能會發生什麼？</em></h3>
<p><em>分析師預計資金將從比特幣轉向山寨幣，以太坊將引領下一輪主要反彈。</em></p>
<hr/>
<p>以太坊 [ETH] 正在搶佔比特幣 [BTC] 的風頭。機構投資者推動以太坊在一年內上漲 138%，這幾乎是比特幣增速的四倍！</p>
<p>這款王者山寨幣不僅僅是替代加密貨幣的選擇。</p>
<h2><strong>以太坊加速前進</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/isHJ6bd75_50c934bdb3e951e59313b652977218a7bef911ff0242f3c33f46efe319a7a292.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/isHJ6bd75_50c934bdb3e951e59313b652977218a7bef911ff0242f3c33f46efe319a7a292.webp"/></p>
<p>來源：CryptoQuant</p>
<p>比特幣在注視着以太坊走出它的陰影。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/JF1oU_fdd6ba944f1374c75c6705ebc5131d32ffa00a2715c9cb057fe3971467a456c9.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/JF1oU_fdd6ba944f1374c75c6705ebc5131d32ffa00a2715c9cb057fe3971467a456c9.webp"/></p>
<p>來源：CryptoQuant</p>
<p>基金數據顯示，以太坊持有量同比激增 138%，達到大約 680 萬 ETH。這主要受到現貨 ETF 流入、質押收益以及其在 DeFi 和代幣化中日益擴大的角色的推動。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/XEd581Cz_7ba608bfcce6ca56905da9d4f9300c5b3b117520289ccb20c14a9624667468fb.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/XEd581Cz_7ba608bfcce6ca56905da9d4f9300c5b3b117520289ccb20c14a9624667468fb.webp"/></p>
<p>來源：CryptoQuant</p>
<p>比特幣繼續作為穩定的儲備資產，基金持有量温和增長 36%，達到 130 萬 BTC。</p>
<p>機構投資者正在調整他們的策略，資金仍在流入比特幣，但更加謹慎。相比之下，以太坊的快速增長突顯了其當前的突破勢頭。</p>
<p>而以太坊並不是唯一一個獲得關注的山寨幣。</p>

ETHE

<p>機構以太坊基金持有量在一年內激增了 138%，顯著超過比特幣的 36% 增長。分析師預測資金將從比特幣轉向其他山寨幣，以太坊將引領這一潮流。目前，以太坊的持有量約為 680 萬，受到現貨 ETF 流入和其在去中心化金融（DeFi）中日益擴展的角色推動。與此同時，比特幣的持有量 modestly 增加至 130 萬 BTC，顯示出機構投資者的謹慎態度。以太坊的快速增長暗示着加密市場的突破動能</p>

<h2><strong>Key takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</strong></h2>
</div><h3><em>Is ETH doing better than BTC now?</em></h3>
<div class="lb-trans"><h3><em>以太坊現在比比特幣表現更好嗎？</em></h3>
</div><p><em>Institutional ETH fund holdings have surged 138% in a year, nearly four times Bitcoin’s 36% growth.</em></p>
<div class="lb-trans"><p><em>機構以太坊基金持有量在一年內激增 138%，幾乎是比特幣 36% 增長的四倍。</em></p>
</div><h3><em>What could happen next in the crypto cycle?</em></h3>
<div class="lb-trans"><h3><em>加密週期接下來可能會發生什麼？</em></h3>
</div><p><em>Analysts expect capital to rotate from Bitcoin into altcoins, with Ethereum leading the next major rally.</em></p>
<div class="lb-trans"><p><em>分析師預計資金將從比特幣轉向山寨幣，以太坊將引領下一輪主要反彈。</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Ethereum [ETH] is stealing Bitcoin’s [BTC] spotlight. Institutional investors are pushing ETH above and beyond, boosting fund holdings by 138% in a year. This is nearly four times Bitcoin’s pace!</p>
<div class="lb-trans"><p>以太坊 [ETH] 正在搶佔比特幣 [BTC] 的風頭。機構投資者推動以太坊在一年內上漲 138%，這幾乎是比特幣增速的四倍！</p>
</div><p>The king altcoin is more than just an alternate crypto play now.</p>
<div class="lb-trans"><p>這款王者山寨幣不僅僅是替代加密貨幣的選擇。</p>
</div><h2><strong>Ethereum races ahead</strong></h2>
<div class="lb-trans"><h2><strong>以太坊加速前進</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/isHJ6bd75_50c934bdb3e951e59313b652977218a7bef911ff0242f3c33f46efe319a7a292.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/isHJ6bd75_50c934bdb3e951e59313b652977218a7bef911ff0242f3c33f46efe319a7a292.webp"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>Bitcoin is watching as Ethereum steps out of its shadow.</p>
<div class="lb-trans"><p>比特幣在注視着以太坊走出它的陰影。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/JF1oU_fdd6ba944f1374c75c6705ebc5131d32ffa00a2715c9cb057fe3971467a456c9.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/JF1oU_fdd6ba944f1374c75c6705ebc5131d32ffa00a2715c9cb057fe3971467a456c9.webp"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>Fund data shows ETH holdings have surged 138% year-over-year to roughly 6.8 million ETH. This is heavily driven by spot ETF inflows, staking yields, and its expanding role in DeFi and tokenization.</p>
<div class="lb-trans"><p>基金數據顯示，以太坊持有量同比激增 138%，達到大約 680 萬 ETH。這主要受到現貨 ETF 流入、質押收益以及其在 DeFi 和代幣化中日益擴大的角色的推動。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/10/XEd581Cz_7ba608bfcce6ca56905da9d4f9300c5b3b117520289ccb20c14a9624667468fb.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/10/XEd581Cz_7ba608bfcce6ca56905da9d4f9300c5b3b117520289ccb20c14a9624667468fb.webp"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>Bitcoin continues to serve as a stable reserve asset, with fund holdings rising a modest 36% to 1.3 million BTC.</p>
<div class="lb-trans"><p>比特幣繼續作為穩定的儲備資產，基金持有量温和增長 36%，達到 130 萬 BTC。</p>
</div><p>Institutional investors are adjusting their strategies, and capital is still flowing into Bitcoin, but with greater caution. In contrast, Ethereum’s rapid growth highlights its current breakout momentum.</p>
<div class="lb-trans"><p>機構投資者正在調整他們的策略，資金仍在流入比特幣，但更加謹慎。相比之下，以太坊的快速增長突顯了其當前的突破勢頭。</p>
</div><p>And Ethereum isn’t the only altcoin gaining traction.</p>
<div class="lb-trans"><p>而以太坊並不是唯一一個獲得關注的山寨幣。</p>
</div>

以太坊基金持倉量激增了 138%——是否正在進行山寨幣輪動？