DecouplingETH_BTC
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#DecouplingETH_BTC
#TheBeginningOfAnAltseason ?
It is rare and very interesting to observe this decoupling of ETH from BTC today in particular and from May in general.
Have you analyzed the reasons? 🙃
Let me know if the following seem relevant to you or if you see others:
1. Ethereum's Pectra Upgrade
The "Pectra" upgrade, deployed in early May 2025, is the most significant since 2022 for the Ethereum network. It improves user experience and scalability, thereby strengthening investor confidence.
2. Rebound of the ETH/BTC Ratio
The ETH/BTC ratio, which had reached historical lows around 0.018, rebounded to 0.025 after the Pectra upgrade, indicating a recovery in ETH’s momentum relative to BTC.
3. Increased Interest in ETH Derivatives
Open interest in ETH derivatives has risen by 21% to reach $25.8 billion, reflecting increased market participation. Moreover, positive funding rates on ETH perpetual contracts suggest bullish sentiment among traders.
4. Favorable Macroeconomic Context
The improvement in trade relations between the United States and China has boosted the appetite for risk assets, benefiting assets like ETH. This context has led to a reallocation of capital towards assets deemed undervalued, such as Ethereum.
5. Ethereum's Dominance in Smart Contracts
Ethereum continues to dominate the smart contract sector, with approximately $63 billion in total value locked (TVL), reinforcing its position despite competition.
📈 Outlook
This decoupling could signal the beginning of an "altseason", a period during which altcoins, led by ETH, outperform BTC. Historically, such momentum has often preceded significant gains for altcoins.
#DecouplingETH_BTC
#TheBeginningOfAnAltseason ?
It is rare and very interesting to observe this decoupling of ETH from BTC today in particular and from May in general.
Have you analyzed the reasons? 🙃
Let me know if the following seem relevant to you or if you see others:
1. Ethereum's Pectra Upgrade
The "Pectra" upgrade, deployed in early May 2025, is the most significant since 2022 for the Ethereum network. It improves user experience and scalability, thereby strengthening investor confidence.
2. Rebound of the ETH/BTC Ratio
The ETH/BTC ratio, which had reached historical lows around 0.018, rebounded to 0.025 after the Pectra upgrade, indicating a recovery in ETH’s momentum relative to BTC.
3. Increased Interest in ETH Derivatives
Open interest in ETH derivatives has risen by 21% to reach $25.8 billion, reflecting increased market participation. Moreover, positive funding rates on ETH perpetual contracts suggest bullish sentiment among traders.
4. Favorable Macroeconomic Context
The improvement in trade relations between the United States and China has boosted the appetite for risk assets, benefiting assets like ETH. This context has led to a reallocation of capital towards assets deemed undervalued, such as Ethereum.
5. Ethereum's Dominance in Smart Contracts
Ethereum continues to dominate the smart contract sector, with approximately $63 billion in total value locked (TVL), reinforcing its position despite competition.
📈 Outlook
This decoupling could signal the beginning of an "altseason", a period during which altcoins, led by ETH, outperform BTC. Historically, such momentum has often preceded significant gains for altcoins.
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