🔥 30 day BTC-ETH correlation dropped to 2,5 year lows!

in HODL4 years ago

Hello!

Today I was doing some research and I stopped in front of a chart that I find really interesting.

I recommend you to follow the twitter accounts of @ARKInvest which is an Investment advisor focused solely on #disruptive #innovation. And also Yassine, a crypto analyst from ARK that shares valuable information about crypto, @yassineARK.

Here is the GEM. The chart compares the BTC/ETH 30-day Correlation vs the Market cap of BTC and ETH combined. As you can see, we didn't have this ratio since late 2017. This is about 2.5 years ago, where the bull run started.

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I know that if you look enough you will be able to find the same amount of bullish/bearish information over there. However I think this ratio is something to consider. Specially this times where there are huge amounts of money waiting in stablecoins for the bull market confirmation.

Bitcoin is approaching the 12,000$ mark, while Ethereum is at 400$. We have seen a huge pump for the king and queen of cryptocurrencies. Do you think we are going to see a major bull run from here?

I don't fucking know what to think, but I still have some cash ready if the hated bears take control of the situation again.

Enjoy! 😊


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