Mow: BTC-to-ETH Rotations Drive Narrative-Fueled ETH Moves

I note that Samson Mow, a well-known Bitcoin advocate and CEO of JAN3, has suggested a recurring trading pattern behind the recent ETH/BTC price moves. I understand his claim that early Ethereum backers—many of whom still hold large Bitcoin positions—are rotating BTC into ETH to lift its price, often fueling the move with hype-driven narratives like “Ethereum Treasury” campaigns.

I report Mow’s view that this cycle of rotation and narrative-driven appreciation is temporary and concludes when these participants [...]