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

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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