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Bitcoin strugglesCoinGape
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Business & Economics
63% Informative
Crypto analyst and CEO & co-founder of Coin Bureau , Nic Puckrin , has brought attention to this matter.
In a detailed X post, he revealed that the ETHBTC pair is declining lower, hitting a 5-year low.
He highlighted that Bitcoin holders are carrying higher unrealized gains than the ETH ones for the unprecedented 812 days .
The decline in the ETH price against Bitcoin is due to BTC’s exchange-traded funds, as all the big money is moving towards that.
However, the decline did not happen with ETH ETFs.
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