$ETH exchanges $BTC now 0.03175. In 24 hours, $ETH +0.55%, and $BTC +0.15%. In the same period, the difference was 0.40 percentage points.
For the contract, the funding rate of $ETH is 0.0023%, and the long side is paying to keep the position open.
With such a small gap, it suggests that this round of money didn’t trade back and forth between the mainstream players; they likely moved together and will most likely stop together too. My own habit is: the noisier the market, the smaller the moves.
$ETH $BTC # Ethereum
For the contract, the funding rate of $ETH is 0.0023%, and the long side is paying to keep the position open.
With such a small gap, it suggests that this round of money didn’t trade back and forth between the mainstream players; they likely moved together and will most likely stop together too. My own habit is: the noisier the market, the smaller the moves.
$ETH $BTC # Ethereum
