$ETH lagging $BTC by ~4.5% this week despite spot volumes holding near $21B. ETF outflows hit -$152M, confirming risk-off drift. $BTC trades ~$113.6K, riding macro bid and ETF stickiness. ETH/BTC ratio collapses to 0.0306—lowest since pre-merge era. Correlation now near-zero; trade setups must reflect decoupled momentum. Use ETH for protocol pivot plays, BTC for macro hedging. Don’t recycle trade logic across both—structural divergence demands split thesis.

BTC

89,231.93

-1.15%

ETH

3,116.02

-0.10%