Sevens: Why is going long on $ETH / shorting $BTC trading important?
Since July, ETH has significantly outperformed Bitcoin, with the ETH/BTC exchange rate rising by 130% from the April low. The Sevens report indicates that the impact of this trend has extended beyond the cryptocurrency sector.
Historically, strong ETH/BTC increases often precede stock market surges, followed by significant market corrections, including this pattern seen before the 2018 sell-off, the 2020 crash, and the 2022 bear market.
The current round of increases coincides with a stock market rebound led by tech stocks, which is different from the lagging performance of ETH in 2023-24. Sevens warns that once the upward momentum of ETH/BTC fades, stock investors should remain cautious.
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Sevens: Why is going long on $ETH / shorting $BTC trading important?
Since July, ETH has significantly outperformed Bitcoin, with the ETH/BTC exchange rate rising by 130% from the April low. The Sevens report indicates that the impact of this trend has extended beyond the cryptocurrency sector.
Historically, strong ETH/BTC increases often precede stock market surges, followed by significant market corrections, including this pattern seen before the 2018 sell-off, the 2020 crash, and the 2022 bear market.
The current round of increases coincides with a stock market rebound led by tech stocks, which is different from the lagging performance of ETH in 2023-24. Sevens warns that once the upward momentum of ETH/BTC fades, stock investors should remain cautious.