📊【ETH performs worse than BTC? 】

Key question

Why does ETH perform worse than BTC? Even though ETH's ETF is about to be launched, the market has not shown a strong trend.

1. Price fluctuations:

- BTC's price increase is large, while ETH's is relatively small, indicating that the market pays more attention to BTC.

2. Risk premium indicator (RPN):

- BTC's previous RPN (derivative risk) was mostly in the yellow area, indicating that long liquidation is about to be completed, so a small short squeeze began.

- ETH's previous RPN frequently fluctuated in the red area, market sentiment was unstable, and the remaining longs were still being liquidated.

Derivatives problem:

- BTC derivatives data shows that the previous long liquidation was almost exhausted, while ETH long liquidation has not yet been completed, and the car is still heavy.

Suggestion

Pay attention to ETH's RPN indicator, and make decisions at least when it returns to the yellow or green range, which may be relatively safe.

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