Data shows expert traders now have more harassment from Ethereum than Bitcoin.

Cointelegraph中文 view 21 2021-12-10 16:40
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数据表明专业交易员目前更看好以太坊而非比特币

Most traders find the price of ETHer (ETH) to be better than that of Bitcoin (BTC). The ETH / BTC exchange rate returns to over 230% in 2021 and recently hit a new high of 0.089 BTC on December 9.

In this regard, ETH's $ 490 billion market capitalization is equivalent to 54% of BTC's current $ 903 billion market value. At the end of 2020, this figure is only 15%, so it can be concluded that a “strike” has taken place. It might be a far cry from Ethereum's supremacist ideology, but it's still a nice change.

Rather than examining the reasons for these movements or estimating the results based on random estimates, analysts should look at the business model of each token individually.

For example, the two futures market prices have similarities, how do investors compare over the long term? This is the most important indicator in determining whether a pattern can continue.

Future charges are fair to Ethereum.

Futures contracts are the tools of choice for giant whales, but can be difficult for retailers due to dates and prices varying between stores. However, the most obvious advantage of a quarterly contract is that there is no change in income.

The exchange rate for these monthly products is usually slightly above market value, indicating that the seller has asked for more money to extend the settlement period. Therefore, in the healthcare industry, the future is expected to change at a rate of 5-15% per year. This situation is called “contango” and is not unique to the cryptocurrency market.

By comparing these two numbers, we can see that the average annual rate of Bitcoin futures contracts for March 2022 is 2.6% and the average annual rate for June 2022 is 4.4%. In comparison, Ethereum's rates are 2.9% and 5% respectively. Hence, it is clear that blue whales have higher requirements for compliance with the bullish ETH indicator.

Bitcoin Short Term Long Term Loss

In order to measure the performance of professional traders, investors should look at the short position of top traders at major cryptocurrency exchanges. This indicator collects data from a variety of companies to provide insight into a trader's performance.

It should be noted that the data collected from an exchange leader of a trader is different, as there are more than one way to measure the user's net exposure. Therefore, comparisons of different vendors should be based on percentage conversions, not numbers at all.

The short to the current Bitcoin advance is on average 1.21, down from 1.39 on December 5. Buyers (long term) are reducing their risk of injury by 24% from 1.59 two weeks ago. Again, the exact numbers are not as significant as the constant changes.

At the same time, Ethereum Giant Whale et al reported positive gains after a short-term change from 1.0 to 1.16 on December 5. Compared to the November 25 data average, the long-term ratio of major ETH traders fell 20% from 1.43.

Data shows that ETH traders are more trustworthy.

Currently, derivatives data is more bullish for ETH as current assets point to higher future benchmarks. Additionally, the stock of long-term short-term traders has improved since October 5, indicating that confidence in the time-sensitive ETH period has fallen 16% from its all-time high of $ 4,870.

In contrast, BTC traders won't be confident as the price is 31% below its all-time high of $ 69,000 on November 10. Judging by the following future price and short data, ETH appears to support better performance.

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Previous: Analysts mentioned 21 factors that point to an increase in Bitcoin's value, but only four declines. Next: Why Metaverse Tokens Are More Dangerous When Cryptocurrency Markets Are Globally

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