![ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-2.jpg&w=70&h=37&q=75)
Quick Take
- ETH/BTC continues to break down and heads to 6-month lows, currently at 0.067.
- While in the past three days, we have seen almost $1 billion worth of Bitcoin flow back onto exchanges.
- As the contagion spreads from the banking sector, risk-on assets may suffer poorly in the short term.
![ETH/BTC: (Source: Trading View)](https://cryptoslate.com/wp-content/uploads/2023/03/ETH.png)
![Net Flow: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/1b.png)