🚀 Andrew Kang, co-founder of Mechanism Capital, recently said that ETH was close to $3,600 before the ETF was listed, but the ETH/BTC ratio is expected to fall after the ETF is approved. He believes that BTC's strong performance in the context of poor market structure may indicate some major unannounced developments, such as major new market participants, China's relaxation of encryption policies, or the launch of ETFs. If these expectations come true, BTC may bottom out at around $50,000. What do you think? Welcome to discuss in the comment section! 💬#Blockchain#BTC#ETH#Cryptocurrency