⚖️ #BTCvsETH : Which leads the crypto cycle? 🟠🔵

This July has marked a clear divergence between Bitcoin and Ethereum:

Bitcoin (BTC) has just broken a new all-time high at $123,120, thanks to strong institutional flow towards ETFs and strategic accumulation—including purchases by companies like Metaplanet ([turn0news20]).

Ethereum (ETH) has also experienced a solid recovery: surpassing $3,400, driven by spot ETFs (over $2B in the last week) and a reactivation of DeFi ([turn0news20], [turn0news21]).

However, the ETH/BTC ratio fell to a low of 0.0283 mid-month, reflecting the prevailing strength of BTC this cycle; although more recently, this ratio has rebounded to 0.058 thanks to upgrades like Pectra and strengthening of the ETH ecosystem ([turn0search3], [turn0search7], [turn0search9]).

📊 Role comparison:

Bitcoin continues as digital gold, with massive institutional flows and a narrative of store of value.

Ethereum positions itself as an innovation platform, with contributions in DeFi, smart contracts, and cross-chain growth.

🎯 Recommended strategy:

1. Core allocation: maintain core in BTC for stability and macro exposure.

2. Alt-season cycle: enter ETH when the ETH/BTC ratio confirms an upward turn and consolidates above 0.058.

3. Tactical diversification: after a breakout in ETH/BTC, consider rotations to mid-cap altcoins.

🧠 In summary

BTC leads the current cycle as a key institutional asset.

ETH shows signs of recovery and technical rebalancing.

ETH/BTC is the indicator to watch: a close ratio cross or breakout defines the path towards an altseason.

A balanced approach that combines both assets will allow for leveraging the strengths of each phenomenon within the crypto market.