The board shows that the perpetual quote for ETH is $2,341.6, with a 24-hour increase of 1.33% and a 7-day increase of 15.85%. AiCoin has monitored a 24-hour trading volume of $38.53 billion and a net inflow of $722 million, while BTC only recorded a net inflow of $215 million during the same period, showing a significant "capital divergence".

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image1

I. Macroeconomic Analysis of Hot Events / News Analysis

1. Capital Rotation: Last week, BTC once again surged to a high of $75,000 and then consolidated, with domestic net inflows converging; capital shifted to making "long ETH / short BTC" or "ETH long + AI narrative" strategies on platforms with high depth like Hyperliquid, causing ETH's net inflow to surpass BTC.

2. Fundamental Support: The rigid demand for ETH Gas from Layer 2, re-staking, and rollup ecosystems continues to expand, coupled with a significant decrease in L2 fees after the Dencun upgrade, with the market betting that the "explosion in quantity" of the ETH ecosystem will arrive before BTC's new narrative is established.

3. Advantages of Hyperliquid: Hyperliquid consolidates ETH perpetual depth, matching speed, and multi-asset cross-margin on the same PC platform, enabling quantitative/institutional traders to instantly switch positions between contracts like BTC, SOL, and ENA, greatly enhancing the capital utilization efficiency of ETH.

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image2

II. In-Depth Currency Analysis

- Price and Market Cap: ETH is quoted at $2,341.6, with a circulating market cap of $286.5 billion; compared to BTC's $1.49 trillion market size, ETH can generate greater volatility elasticity with smaller net inflows.

- Capital Dynamics: The net inflow in 24 hours is $676 million, accounting for 1.75% of trading volume, while BTC's $128 million only accounts for 0.30%; indicating that ETH's buying pressure is more "sticky," with bulls willing to continue increasing positions during pullbacks.

- Trading Structure: Data from Hyperliquid accounts shows that ETH is used as the "alpha leg" of multi-asset portfolios, forming a "long basket" with high Beta strategies such as SOL, ENA, and HYPE, while BTC is gradually viewed as a hedging leg.

- Risk Points: The capital advantage of ETH is highly dependent on positive funding rates, rollup growth, and ETF expectations; should funding rates turn negative or BTC suddenly surge, ETH strategies may face passive deleveraging.

III. Technical Analysis

- Trend: The 1-hour K-line shows that ETH oscillated in the $2,235-$2,280 range over the past 48 hours on Binance/Hyperliquid, and then surged to $2,386 in the early hours of March 18, setting a new high for this phase.

- Support and Resistance: The current price is above the 4-hour EMA20 (around $2,320), with short-term support at $2,320-$2,330; if it breaks below, it will retest the upper bound of the $2,280 range. Resistance above pays attention to $2,386 (recent 48-hour high) and $2,420 (last December's accumulation zone).

- Trading Volume and Indicators: The largest volume bar during the breakout phase reached 56,259 ETH (price range $2,340-$2,376), with the MACD fast and slow lines maintaining above the zero axis, but the 1-hour RSI has approached 68, indicating a short-term overbought condition.

- Strategy: Bulls should look for pullback buying opportunities around $2,320 and monitor whether Hyperliquid's funding rate stays above +0.01%/8h; if it breaks below $2,280, a quick reduction in positions or switching to "long SOL / short ETH" relative value trading is advised.

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image3

IV. AiCoin PC Authorization Trading Suggestions

1. Log in to AiCoin PC → Search for "Hyperliquid" → Authorize with one click and enter the invitation code AICOIN88 to immediately receive 4% transaction fee cashback.

2. Add ETH, BTC, SOL, and HYPE contracts to your watchlist, and use the AiCoin capital flow dashboard to confirm whether the "ETH net buy + BTC net sell" combination continues.

3. If hedging "long ETH / short BTC," set withdrawal alerts in the composite dimension on AiCoin PC’s multi-marker position panel to avoid one leg unanchoring.

4. For those sensitive to funding rates, enable AiCoin's "funding rate drag-down" function: when the ETH funding rate > +0.03%/8h, it automatically reduces leverage to ensure profits are not eroded by position costs.

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image4

V. AiCoin×Hyperliquid Lightning Orders: In Extreme Market Conditions, Three Seconds Matter, One-Click Market Order Doesn’t Miss Any Opportunity

In high-volatility instruments like Bitcoin perpetuals, prices can swing hundreds of dollars in seconds. Traditional orders require inputting quantity, selecting direction, and confirming the order — by the time you finish clicking, the opportunity has already slipped away.

AiCoin's exclusive lightning orders maximize speed:

Floating K-line Quick Panel: Three oversized buttons for "buy long / sell short / close position" are always displayed on the chart, requiring no interface switching.
One-Click Market Execution: Clicking "buy long" or "sell short" instantly sends a market order, with the system executing in seconds, completing the opening before the spike or surge.
Zero Input Zero Delay: No need to manually input quantity or price, just one click to order, suitable for super markets like ETH.
Perfectly Adapts to Hyperliquid: Real-time synchronization of platform depth and funding rates, instantly displaying position profits and losses after placing an order, enabling analysis + trading with zero switching.

The actual operation is super simple:

1. Open the Hyperliquid ETC/USDC K-line on AiCoin

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image5

2. Open the lightning orders from the chart toolbar

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image6

3. Directly click the green "buy long" or red "sell short" → Instantly executed

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image7

Conclusion

The current capital advantage of ETH comes from the threefold support of "ecological demand + strategy rotation + Hyperliquid depth", but as long as BTC becomes strong again, the divergence may quickly repair. Maintaining flexible positions and fully utilizing AiCoin PC's risk control and reminder functions are key to seizing this ETH opportunity.

Take action now

Open AiCoin → Search for Hyperliquid ETH/USDC perpetual → Activate the lightning order panel → Ride the trend together!

Exclusive benefits: By authorizing binding invitations through AiCoin, you can also enjoy transaction fee cashback!

Open AiCoin now, authorize your Hyperliquid account, and seize this bullish wave, let the profits run!

https://app.hyperliquid.xyz/join/AICOIN88

ETH Capital Divergence from BTC: What Are the Long Positions Thinking on Hyperliquid? AiCoin PC Supports One-Click Authorization for Lightning Trading_aicoin_image8

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1. "AiCoin PC Hyperliquid Authorization Trading Tutorial":

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ETH funding divergence from BTC: What are the bullish positions on Hyperliquid thinking? AiCoin PC client supports one-click authorization for flash trading.