Data shows that Ethereum (ETH) may outperform Bitcoin in the coming days.
Important derivatives market metrics have been among investors in the cryptocurrency market recently. A move from Bitcoin to Ethereum reveals that it is. According to the news from CoinDesk, this situation is also Ethereum will perform better than Bitcoin in the coming days It brings to mind.
Bitcoin in the 4th quarter of 2023 Nearly 60% price increase which has recently taken on a deflationary structure while living Ethereum gained 35% value. Throughout the year, as well as in the last quarter, Bitcoin was lower than Ethereum. better performance showed.
According to Velo Data, Ethereum futures on the Chicago Mercantile Exchange (CME) will close within 5 days. Increased by 30% to $711 million But Bitcoin is in this process a growth of 19% showed. Therefore, since the majority of the money flows into Ethereum, there is a difference between it and Bitcoin.i percentage difference can be closed is considered.
On the other hand, Ethereum’s premium in futures compared to Bitcoin in the spot market It remains 5% higher.
Finally, according to crypto options exchange Deribit, investors are currently buying put options on Bitcoin while buying Ethereum.
Experts think that Bitcoin will continue to trend horizontally for a while and Ethereum may experience an increase during this period.
According to CoinGecko data, Bitcoin is at the time of writing. Ethereum at $44,129 and $2,266 is being traded.
- The information contained in the content does not contain investment advice in any way.