The Current Situation is Far from a Bear Market: The ETH/BTC Exchange Rate is the Core Evidence

The current cryptocurrency market is definitely not in a bear market, and the ETH/BTC exchange rate is the strongest core evidence.

Historically, when the ETH/BTC exchange rate enters an upward cycle, it often resonates in sync with Bitcoin's upward trend. Reviewing past trends, a complete upward cycle of this exchange rate can last at least 416 days, while the current trend has only been running for 234 days, far from reaching the end of the cycle.

More importantly, looking back at every bear market in the cryptocurrency market, the ETH/BTC exchange rate has invariably been in a continuous downward channel — funds tend to flow from the higher-risk Ethereum to the safer Bitcoin, which is in stark contrast to the current market performance.

The ETH/BTC exchange rate is far from just a simple price chart; it is a “core dashboard” that measures risk appetite and liquidity flow in the cryptocurrency market. The strong rise in this exchange rate does not mean Bitcoin's weakness is showing or has peaked; it essentially reflects Ethereum's strong rise relative to Bitcoin, indicating an increase in market risk appetite, with funds actively migrating towards assets with higher growth elasticity.

Additionally, the current loose monetary policy environment and ample liquidity provide solid support for the upward movement of risk assets. Under the resonance of multiple signals, the conclusion is clear: the current cryptocurrency market is definitely not a bear market, but rather in a positive cycle of rising risk appetite. $BTC $ETH #BinanceABCs #巨鲸动向 #美联储降息 #美SEC推动加密创新监管 #加密市场观察