ETH/BTC Ratio Tanks 5%—Is This the Calm Before a Massive Surge or the Start of a Steep Crash?
Key Takeaways
The ETH/BTC ratio fell by 5.8% in just 60 hours, signaling a sharp rotation out of ETH. However, trading volume and retail impatience may be setting the stage for another leg higher on the charts
The ETH/BTC ratio just took a sharp dive — Down by 5.8% over the last 60 hours according to a recent Santiment tweet. And, that is not something that can be ignored.
This kind of drop usually tells us one thing – Bitcoin is sucking up most of the liquidity, leaving ETH behind. That is exactly what is happening right now.
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