Glassnode data shows that the supply ratio of long-term holders to short-term holders (LTH/STH) has decreased by 11% in the past 30 days, indicating funds continue to shift towards the circulating market. At the same time, the market share of open interest in Ethereum futures contracts has risen to nearly 40%, reaching the highest level since April 2023, indicating investor attention is shifting from Bitcoin to Ethereum. This data is at a historical top 5% level.