According to futures data in the cryptocurrency market, investors expect Bitcoin (BTC) to outperform Ethereum (ETH) in the coming period.
Data presented by Blofin, a cryptocurrency-focused asset management firm, revealed investors’ preference for Bitcoin. The Blofin front, which analyzes the positions taken on the futures markets, will The expectation that Bitcoin will perform better against Ethereum It turned out that it was more severe.
Blofin analyst made a statement on the subject Griffin Ardern, ETH/BTC He made an important comment about the future expectations of investors, taking the weak structure of the parity as a reference:
A downward trend continues on ETH/BTC. This means investors expect Ethereum to perform weaker than Bitcoin as time goes by. This suggests that investors are relatively bullish on BTC’s performance.
Ethereum has actually performed poorly against Bitcoin over the past year, with spot Bitcoin exchange-traded fund (ETF) expectations in particular being overshadowed. A line from ETH/BTC parity 2021 While it continues to hover at its bottom, there has not yet been a significant news flow that will shift investors from Bitcoin to Ethereum.
The US Securities and Exchange Commission (SEC) still considers Ethereum, unlike Bitcoin. security and this situation is seen as a significant obstacle to spot Ethereum ETFs.