Cryptocurrency

ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges

quick take

  • ETH/BTC continues its downtrend, heading towards a 6-month low currently at 0.067.
  • Over the past three days, nearly $1 billion worth of Bitcoin has returned to exchanges.
  • Risk-on assets may suffer in the near term as the infection spreads from the banking sector.
ETH/BTC: (Source: Trading View)
Netflow: (Source: Glassnode)
Netflow: (Source: Glassnode)

Post-ETH/BTC continues to collapse, but nearly $1 billion of Bitcoin is back on exchanges, first appearing on CryptoSlate.

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