ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges

Contagion from banking sector is seeing risk-on assets suffer today

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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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)
ETH/BTC: (Source: Trading View)
Net Flow: (Source: Glassnode)
Net Flow: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
$78,204.49 -1.06%
Market Cap $1.57T
24H Volume $26.2B