Crypto Traders Prefer Bitcoin (BTC) Over Ether (ETH) Despite Spot ETH ETF Narrative

The term structure slopes downwards, indicating a bias for ether weakness relative to bitcoin. (Blofin)

“The downward sloping structure is backward, which means that traders expect ETH to perform weaker than BTC as time goes by,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. “This shows investors are relatively more bullish on BTC’s performance.”

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