ETH moves towards decoupling with BTC
BTCUSDT
ETH
ETHBTC
As the market hits the current turbulence some speculate a Bear market and others a Bull, however, it is the opinion of this author that the situation may be more nuanced than the typical binary thinking that has become oh so prevalent within the crypto community. Could it be possible that crypto has grown to such popularity that there are no longer winters? Are the crypto seasons a thing of the past altogether including Alt Season? Scrolling through the site many authors publish ideas that compare future moves to historical data, which is a very viable strategy that allows guessing future moves based on probability, however, it does not account for outlier situations and complete shifts in the overall system model.
We can see that slowly over time it is taking less and less ETH to buy a BTC, indicating that the coin is either taking market share from BTC or there are so many Altcoins out there that are doing the same; Perhaps both are simultaneously true. Either way, something beneath the surface is happening in the world of crypto, and with this latest set of price movements, I've started to develop a theory. Im willing to wager in the fast-approaching future, there will be an exodus of capital flowing out of the markets looking for non-traditional assets to park in while the vanilla market finds some sort of equilibrium. At the same time, I speculate that investors will exit bitcoin looking to buy something more affordable (Why buy a Bitcoin when the Gains are the same in something cheaper and has a practical use?). Whatever the case I like all other crypto enthusiasts hold fast to the idea of striking it rich in this 21st century digital goldrush, and am merely seeking out every possible avenue to expand my ever-growing pile of digital loot. If BTC declines, and ETH increases, then Semper Gumbi and Carpe Diem. Make moves in line with your Strategy and always be on the lookout for fluctuations in market dynamics.
Trade safe,
-Soup Kitchen Management
