The ETH/BTC ratio fell 8% in two weeks after encountering resistance at the 0.043 level, marking its largest drop since April. This decline signals a structural rotation as investors adjust their positions.
A significant ETH holder managing 886k ETH now converts to only 34k BTC, resulting in a 177 million USD paper loss. This data underscores the ongoing shift from ETH to BTC among smart traders.
BTC demonstrates stronger on-chain momentum compared to ETH with robust spot flows supporting increased demand. Glassnode reports confirm rising BTC dominance, suggesting traders are rebalancing portfolios amid changing market sentiment.
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