Business cycle wise, and a macro structure wise, the most recent point of similar market positioning was October 2020. $ETH

ETHUSDT
Perp
3,385.26
+1.98%
Then: BTC 10k, ETH 300
Now: BTC 100k, ETH 3k
Both: Sentiment terrible
Poetry.

Then: BTC 10k, ETH 300
Now: BTC 100k, ETH 3k
Both: Sentiment terrible
Poetry.