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Analyst: It seems highly probable that the BTC/ETH exchange rate will continue to hit new lows in the short term.

Analyst: It seems highly probable that the BTC/ETH exchange rate will continue to hit new lows in the short term.

Bitget2024/11/20 14:39

Bitget news, Adam, a macro researcher at Greeks.live, posted on the X platform that Bitcoin has hit a new historical high. It is now normal for it to reach new highs every week. The steady spot buyers bring in external funds which push up the price of Bitcoin like a bulldozer. However, altcoins represented by ETH are relatively weak. The market share of Bitcoin is rising in the bull market, which is quite rare. Currently, BTC's short-term IV (implied volatility) is 65%, equal to ETH's - this too is an unusual scenario as generally speaking ETH's volatility expectation should be higher than BTC’s but there still remains a 6% difference in long-term IVs. Based on these facts, it seems highly probable that the exchange rate of ETH will continue to hit new lows in the short term.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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