Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift
Ethereum (ETH) has maintained upward momentum in recent weeks, with the asset briefly touching $4,774 last week, just shy of its 2021 all-time high of over $4,800. Although ETH has since corrected to around $4,306, the asset remains positive in terms of weekly performance, showing a 0.7% increase. This price action shows ongoing investor interest at a time when Ethereum’s relative performance against Bitcoin is attracting attention. Analysts have pointed to Ethereum’s growing strength in both spot and derivatives markets, where ETH is showing resilience against BTC. On CryptoQuant’s....
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Bitcoin (BTC) continues to show signs of weakness after recently setting a new all-time high earlier this month. As of today, the cryptocurrency is trading at $110,595, reflecting a 4.2% decline over the past week and an 11% drop from its peak of $124,000. The correction highlights an ongoing struggle for momentum even as broader market conditions remain uncertain. This decline has drawn the attention of analysts examining key on-chain and trading metrics. One such measure is the Taker Buy Sell Ratio, which is signaling reduced confidence among traders. According to data from CryptoQuant,....
While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation. Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the....
On-chain data shows the Bitcoin leverage ratio has gone down recently as market de-risks amid macro uncertainties. Bitcoin Leverage Ratio Sharply Falls Down Over The Past Week According to the latest weekly report from Glassnode, the BTC futures open interest leverage ratio has decreased in the last week as investors de-risk their holdings. The “futures open interest leverage ratio” is an indicator that’s defined as the ratio between the market open contract value and the total market cap of Bitcoin. In simpler terms, what this metric tells us is the degree of leverage....
On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has plunged recently. Here’s what this could mean for the ETH price. Ethereum MVRV Ratio Has Declined To 0.87 Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend in the MVRV Ratio of Ethereum. The “MVRV Ratio” refers to an indicator that keeps track of the ratio between the ETH market cap and realized cap. Related Reading: Bitcoin Keeps Rebounding—But Is Momentum Really Turning Bullish? The realized cap here is an on-chain capitalization....