Some funds flowed from BTC market into ETH market
2022/4/12
Some funds flowed from BTC market into ETH market.
BTCUSD
ETHUSD
ETHBTC
Stablecoins Exchange Reserve did not increase or decrease significantly as BTCÐ prices gradually fell, this could represent a transfer of funds between different currencies like BTCÐ&Others.
Pic.1:
upload.cc/i1/2022/04/14/QEetMB.png
I discover some funds flowed from BTC market into ETH market, and ETH Exchange Reserve also hit recent lows.
On the other hand, ETH/BTC chart shows that ETH market has been stronger than BTC market since 3/15.
Moreover, we also can discover that ETH Dominance gradually increases, while the BTC Dominance gradually decreases since 3/15 (Analysis of correlation is negative).
Pic.2:
upload.cc/i1/2022/04/14/jvhRQA.png
Btw, market data like Exchange Reserve and ETH 2.0 Staked is still very good in the long run.
Pic.3:
upload.cc/i1/2022/04/11/yv2gd3.png
Based on the above data, I think ETH market will perform better than BTC market in the future.
Pic.4:
upload.cc/i1/2022/04/14/lYRV4d.png
Enjoy the volatility ^_*
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Some funds flowed from BTC market into ETH market.
BTCUSDETHUSDETHBTCStablecoins Exchange Reserve did not increase or decrease significantly as BTCÐ prices gradually fell, this could represent a transfer of funds between different currencies like BTCÐ&Others.
Pic.1:
upload.cc/i1/2022/04/14/QEetMB.png
I discover some funds flowed from BTC market into ETH market, and ETH Exchange Reserve also hit recent lows.
On the other hand, ETH/BTC chart shows that ETH market has been stronger than BTC market since 3/15.
Moreover, we also can discover that ETH Dominance gradually increases, while the BTC Dominance gradually decreases since 3/15 (Analysis of correlation is negative).
Pic.2:
upload.cc/i1/2022/04/14/jvhRQA.png
Btw, market data like Exchange Reserve and ETH 2.0 Staked is still very good in the long run.
Pic.3:
upload.cc/i1/2022/04/11/yv2gd3.png
Based on the above data, I think ETH market will perform better than BTC market in the future.
Pic.4:
upload.cc/i1/2022/04/14/lYRV4d.png
Enjoy the volatility ^_*
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
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