U.S. spot Ether ETFs recorded $99.97 million in net outflows on November 5. On Binance spot, $ETH fell 7.70% over that UTC trading day, versus 5.49% for BTC.
The ETF figure tells us how much money left those funds on net. ETH/BTC answers a different question: is Ether holding up against Bitcoin?
That’s the chart I’d watch over the weekend. ETH can rise in dollars while still losing ground to BTC. If ETH/BTC stabilizes during a broader rebound, that would be a better sign for Ether’s relative strength.
When $ETH bounces, which do you check first: ETH/BTC or ETH/USDT?
The ETF figure tells us how much money left those funds on net. ETH/BTC answers a different question: is Ether holding up against Bitcoin?
That’s the chart I’d watch over the weekend. ETH can rise in dollars while still losing ground to BTC. If ETH/BTC stabilizes during a broader rebound, that would be a better sign for Ether’s relative strength.
When $ETH bounces, which do you check first: ETH/BTC or ETH/USDT?