$BTC entered the 65,000 mark, while $ETH fell behind.
Data as of 03:23 UTC on 08/08:
• BTC 64,999 USD (+1.11% in 24h)
• ETH 1,915 USD (+0.80% in 24h)
• ETH/BTC exchange rate 0.029470 (−0.30% in 24h)
• Funding for BTC perpetual +0.0038%, ETH still around 0
Both are green, but ETH/BTC is red. That means today’s flow favors BTC more — and the slightly positive funding is also on BTC, not on ETH.
For traders who are scalping, this is a signal to avoid ETH: if it’s weaker, don’t buy.
For people accumulating ETH long-term, it’s the opposite. Every USD spent today gets you more ETH than yesterday. Not something to celebrate, and not something to be afraid of — just a slightly better entry price.
The difference lies in the timeframe, not in the chart.
What I’m paying attention to isn’t today’s −0.30% itself, but whether it continues as a streak. One session of ETH underperforming BTC is just noise. Two consecutive weeks is when it reflects a real shift in capital, and then you may need to review your accumulation plan.
BTC at 65,000 isn’t an extraordinary resistance yet — the day’s high is still 65,390. It’s only a round number that draws people’s attention.
Are you accumulating ETH according to your schedule, or waiting for it to get stronger before entering?
Data as of 03:23 UTC on 08/08:
• BTC 64,999 USD (+1.11% in 24h)
• ETH 1,915 USD (+0.80% in 24h)
• ETH/BTC exchange rate 0.029470 (−0.30% in 24h)
• Funding for BTC perpetual +0.0038%, ETH still around 0
Both are green, but ETH/BTC is red. That means today’s flow favors BTC more — and the slightly positive funding is also on BTC, not on ETH.
For traders who are scalping, this is a signal to avoid ETH: if it’s weaker, don’t buy.
For people accumulating ETH long-term, it’s the opposite. Every USD spent today gets you more ETH than yesterday. Not something to celebrate, and not something to be afraid of — just a slightly better entry price.
The difference lies in the timeframe, not in the chart.
What I’m paying attention to isn’t today’s −0.30% itself, but whether it continues as a streak. One session of ETH underperforming BTC is just noise. Two consecutive weeks is when it reflects a real shift in capital, and then you may need to review your accumulation plan.
BTC at 65,000 isn’t an extraordinary resistance yet — the day’s high is still 65,390. It’s only a round number that draws people’s attention.
Are you accumulating ETH according to your schedule, or waiting for it to get stronger before entering?