eth btc - a macro alt market indicator
not so sure its a great one anymore. eth imo is pretty much a chinese scam. if you look back into its history and vitalik getting funded just as they were going to go under, then of course it became the second big trading pair after btc and took over.
not sure whether that original dynamic is even in play anymore. notice the massive flat top its had for years now.
a ton of eth was sold to US institutions and its become a kind of VC type play. like SOL.
anyway its definately worth watching this ratio for signs of life.
not so sure its a great one anymore. eth imo is pretty much a chinese scam. if you look back into its history and vitalik getting funded just as they were going to go under, then of course it became the second big trading pair after btc and took over.
not sure whether that original dynamic is even in play anymore. notice the massive flat top its had for years now.
a ton of eth was sold to US institutions and its become a kind of VC type play. like SOL.
anyway its definately worth watching this ratio for signs of life.
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